Funded

Total loan: $3,000
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Suliko

Georgia
Batumi, Georgia / Transportation

A loan of $3,000 helped to purchase a minibus to work on a minibus line.


Suliko's story

Suliko is 40 years old. He lives in Batumi District with his wife and son. His daughter is married and lives with her husband. Suliko had been living in Samtredia District, but the family decided to sell everything there and resettle in Batumi. Nowadays, his wife works as a cleaner at a local school in Batumi. This is the only source of income for the family.

Suliko requested a loan from Credo to finance the start-up costs for a new family business. Suliko has now been approved for a loan within the framework of the new joint initiative of Kiva and Credo. The start-up loan program provides start-up and re-start-up credits with soft conditions to rural poor people and businesses.

With his credit, Suliko will purchase a minibus. After purchasing a minibus, he will be able to work on a minibus line transporting people. This will increase the income of his family. The new business initiative, financed with the Kiva start-up loan, will significantly improve the living conditions of his family.



Loan details

Loan length:

20 months
Disbursed date: May 8, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo

Lenders and lending teams



Loan details

Loan length:

20 months
Disbursed date: May 8, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo