A loan of $3,000 helped to purchase a bus.


Vakhtang's story

Vakhtang is 41 years old and is from the Sachkhere District in West Georgia. He is married and lives with his wife, his two children and his parents. His father works as a guard at a local hospital. Vakhtang requested loans from local financial institutions several times for a family business start-up, but without any success. His loan request was rejected every time, because of his low income and the family’s poor living conditions.

Vakhtang is a driver. He transports local passengers by bus and gets a monthly income. It is hardly enough to pay for food for the family. According to Credo estimations, the family belongs to the subsistence poor category.

Vakhtang requested a loan from Credo to start up a family business. His loan request was approved within the framework of the new joint initiative of Kiva and Credo. Start-up loan programs envisage the provision of business start-up and re-startup credits with soft conditions to the country rural poor that do not have access to credit products, being regarded as “high risk borrowers” because of low income.

With the received credit, Vakhtang will purchase his own bus. After purchasing a bus he will continue working as a driver and increase his income. The new business initiative, financed with the Kiva Start-up loan, will significantly improve the living conditions of his family.



Loan details


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Loan details