A loan of $2,000 helped to purchase a car and work as a taxi driver.


Vitali's story

Vitali is 48 years old. He lives in Zestaponi District with his mother, wife, and a daughter. His mother is provided with a retirement pension. Vitali requested a loan from local financial institutions several times for family business start-up, but without any success. His loan request was rejected all the time, because of low income and family’s poor living conditions.

The only source of the income for the family is his wife’s salary working as a saleslady at the local grocery store. It makes a total of 250 Laris per month. It is hardly enough for food for the family. According to Credo estimations the family belongs to the subsistence poor category.

Vitali requested loan from Credo to start-up family business. His loan request was approved in the framework of a new joint initiative of Kiva and Credo. this start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to country rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of low income. With the received credit Vitali will purchase a car. After purchasing a car, he will serve the local people as a taxi driver. This will increase the income of his family. The new business initiative, financed with the Kiva Start-up loan, will significantly improve the living conditions of the family.



Loan details


Lenders and lending teams



Loan details