A loan of $3,000 helped to purchase a car to drive as a taxi.

Aleksandre's story

Aleksandre is 51 years-old. He lives in the capital city of Georgia, Tbilisi, with his 40 year-old wife Khatuna. Aleksandre has requested loans from local financial institutions several times to start up a family business but without any success. His loan requests were rejected because of low income and the family’s poor living conditions.

Khatuna is a dance teacher. She owns a small dance studio and earns a small monthly income which is the only source of income for the family.

Aleksandre requested a loan from Kiva partner Credo in order to start-up a family business. Aleksandre has now been approved for a loan within the framework of the new joint initiative of Kiva and Credo. The start-up loan program envisages the 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 loan Aleksandre will purchase a car to drive as a taxi. He will serve the locals by providing transport and will earn a small daily income for the family. Aleksandre is a very hard working man and he will work long hours to earn a good profit. The increased income will give him an opportunity to improve the family standard of living.

Loan details

Lenders and lending teams

Loan details