A loan of $3,000 helped to buy a mini-bus.

Aslan's story

Aslan is 41 years old. He lives in Keda district with his 38-year-old wife, two children, and son in-law.

Aslan requested loans from local financial institutions several times for a family business start-up, but without any success. His loan requests were rejected all the time because of low income and the family’s poor living conditions.

Aslan had a mini-bus. He was working in Batumi district on the bus-line to earn a small monthly income for the family. Aslan requested loan from Credo to re-start the family business. Aslan has now been approved for a loan within the framework of the new joint initiative between Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to rural poor people who do not have access to credit products. These rural poor people are regarded as 'high risk borrowers' because of their low income.

With his credit, Aslan will purchase a mini-bus. He has some savings and needs a loan to add to them and buy a better bus then he had before. As he is very experienced in this field and was already working as a driver, Aslan thinks he can bring in a good income with his new mini-bus in 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