A loan of $1,225 helped to install gas equipment in his car and work as a taxi driver.

Emzar's story

Emzar is 41 years old. He is married and lives with his wife in the small village of Sagarejo District in Georgia. Emzar 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 income for the family is from agricultural activities. In particular, they have a vineyard, and produce wine to sell at local markets. It is hardly enough for food for the family. According to Credo estimations the family belongs in the subsistence poor category.

Emzar requested a loan from Credo to start-up a family business. His loan request was approved in the frames of 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 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 Emzar will install gas equipment in his own car. After the gas equipment is installed he will serve local people as a taxi driver. This will 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