A loan of $1,500 helped to purchase a car and work as a taxi driver.


Merab's story

Merab is 50 years old. He lives in Mtskheta District with his two sons and a daughter-in-law. Merab requested a loan from local financial institutions several times for a family business start-up, but without any success. His loan requests were rejected all the time because of low income and the family’s poor living conditions.

Merab and his son work as artisans and get a monthly income. It is hardly enough for food for the family. According to Credo estimations, the family belongs to the subsistence-poor category.

Merab requested a loan from Credo to start up a family business. His loan request was approved in the frames of a new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to the country's rural poor, which do not have access to credit products, being regarded as “high-risk borrowers” because of low incomes.

With the received credit, Merab will purchase a car. After purchasing a car, he plans to serve local people as a taxi driver. This will increase the income of the 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