A loan of $1,500 helped to install gas equipment in his car and work as a taxi driver.

Revaz's story

Revaz is 28 years old. He is married and lives with his wife in Tbilisi, the capital city of Georgia. Revaz requested a loan from local financial institutions several times for a family business start-up, but without any success. His loan request was rejected all the time because of low income and the family’s poor living conditions.

The only source of the income for the family is a small monthly income earned by his wife working as saleslady at a local market. It totals 300 Laris per month. It is hardly enough for food for the family. According to Credo estimations, the family belongs to the subsistence poor category.

Revaz requested a loan from Credo to start up a family business. His loan request was approved in the framework of a new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to the country's rural poor, who do not have access to credit products, being regarded as “high-risk borrowers” because of low income.

With the received credit, Revaz will install gas equipment in his car, as it is much cheaper than petrol. He plans to serve local people as a taxi driver and earn money. 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