A loan of $1,900 helped to purchase a car and start working as a taxi driver.


Solomon's story

Solomon is 61 years old. He lives in Tbilisi, the capital city of Georgia, with his wife and daughter. Solomon 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 Solomon’s daughter’s monthly income. She works as a nurse at a local hospital. It is hardly enough for food for the family. According to Credo estimations, the family belongs to the subsistence poor category.

Solomon 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-start-up 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, Solomon will purchase a car and start working 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


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Loan details