A loan of $5,000 helped to start up a car wash.


Teimuraz's story

Teimuraz is 44 years old and lives in the Kutaisi district with his mother-in-law and daughter. Teimuraz is a partner in the business Limited Company, which imports cars from abroad. He has decided to start a new business with his partner to supplement his income but he lacks experience with new business start-ups and does not qualify under income requirements.
Teimuraz is requesting a loan under the framework of a new joint initiative between Kiva and Credo. This loan program envisions providing start-up and re-startup credits with soft conditions to the rural poor, who do not have access to many credit products as they are regarded as “high risk borrowers” because of low income.
Teimuraz will use his loan to start a car wash. He hired the commercial space and will purchase essential equipment and a vacuum cleaner. Teimuraz will provide services to his local community members and hopes to increase the monthly income of the family. His new business initiative will significantly improve the living conditions of his family.



Loan details


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Loan details