A loan of $2,000 helped to purchase a mini-bus.

Badri's story

Badri is 24 years old, single, and lives in Kobuleti District, West Georgia with his brother, sister-in-law, parents, and a nephew. Badri is the only income provider in the family. He is a mini-bus driver, but he is not the owner of the transport. According to Credo estimations, the family belongs to the "subsistence poor" category.

Badri is requesting a loan, which he will use to purchase his own mini-bus. With his mini-bus, he will transport the passengers between Kobuleti and a neighboring district. His loan request was approved in the framework of the new joint initiative between Kiva and Credo. This start-up loan program will provide business start-up and re-startup loans with soft conditions to the country rural poor, who do not have access to credit products and who are regarded as “high risk borrowers” because of their low income. With the loan, the income of the family will increase and they will be able to improve their living conditions. Along with the above-mentioned, the family will have enough income to access regular credit products available on the country’s capital market.

Loan details

Lenders and lending teams

Loan details