A loan of $1,200 helped to purchase a car and work as a taxi driver.


Temel's story

Temel is 44 years old. He is married and lives with his wife and son in Batumi District. Several times, Temel requested a loan from local financial institutions for a family business start-up, but without any success. His loan request was rejected each time because of low income and the family’s poor living conditions. The only source of the income for the family is Temel’s salary, working as a driver of an emergency car. It is hardly enough for food for the family. According to Credo estimations, the family belongs to the 'subsistence poor' category. Temel requested a loan from Credo to start a family business. His loan request was approved in the framework of a new joint initiative between Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-startup credits with soft conditions to country rural poor, which do not have access to credit products, being regarded as 'high risk borrowers' because of low income. With the received credit, Temel will purchase a car and will work as a taxi driver. He will serve local people and 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