A loan of $2,000 helped to start up a taxi company and purchase transmitters.

Zaza's story

Zaza lives in the capital city Tbilisi. He is 49 years old, married, and lives with his wife, Ekaterine, three children (2, 10, and 12 years old) and his mother. Ekaterine works as a nurse and Zaza’s mother is provided with a retirement pension. The elder children are public school attendants.

Zaza is a taxi driver and earns daily income with his car. He decided to start his own business, but his savings are not enough to cover all the needed expenses. Zaza’s loan request was approved in the frame of a new joint initiative of Kiva and Credo.

The start-up loan program envisages provision of business startup and restartup credits with soft conditions to country rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of low income.

With the received credit, Zaza will start up the taxi company. He will purchase transmitters and install them in the cars. He has already registered the taxi company in his city and obtained the business license. Zaza will hire reliable and polite taxi drivers and pay the service fee. He hopes that his project will be profitable, as he has rich experience in this field. The new business initiative will increase family income, and they will have enough income to access regular credit products available in the country’s capital market, in case of need.

Loan details

Lenders and lending teams

Loan details