A loan of $3,600 helped to purchase and resell a car.

Otar's story

Otar is 31 years old. He lives in Kutaisi District, West Georgia with his 26 year old wife, mother, sister, retired grandmother and an infant (3 months old).

Otar requested loans from local financial institutions for his start-up business. His loan requests were rejected each time, because of his low income and his family’s poor living conditions.

Otar and his sister sell plumbing supplies. He also works at the local theater, as an operator and he receives a small monthly salary. His mother is a nurse, working at the local hospital. Family income is rarely enough to cover monthly expenses.

Otar requested loan from Credo to start-up family business. He has now been approved for a loan. Otar plans to purchase and resell a car. Otar will purchase the car at a low cost, transport it to Georgia and sell it at a higher price. This will bring him a good profit.

Part of the profit will be reinvested to purchase another car for reselling, and to provide better living conditions for his family.

Loan details

Lenders and lending teams

Loan details