A loan of $1,600 helped to purchase a car and work as a taxi drivier.

Kakha's story

Kakha is 42 years old. He lives in the Sachkhere District with his wife Ketino and his 14-year-old child who goes to school. He works as a security guard and his family also owns a milk cow. Ketino milks the cow every day and makes dairy products that are sold locally at the market. According to Credo estimates, the family belongs to the subsistence poor category. Kakha has requested loans from local financial institutions several times to fund a family business start-up, but his loan requests have been rejected because of his low income and the family’s poor living conditions.

Kakha is requesting a loan from Credo to purchase a car and start-up a family transportation business. His request was approved under the framework of a new joint initiative by Kiva and Credo. This loan program envisages provision of business start-up and re-startup loans with soft conditions for the rural poor, who do not have access to loan products as they are regarded as “high risk borrowers” because of low income. Kakha will work as a taxi driver in Sachkhere district where he will serve the locals and earn a daily income. His new business initiative, financed with his Kiva start-up loan, will increase his family's income and significantly improve their living conditions.

Loan details

Lenders and lending teams

Loan details