A loan of $1,000 helped to install gas equipment in his car.


Israil's story

Israil is 45 years old. He lives in Ochkhamuri village, Kobuleti district with his 42-year-old wife, four children and retired mother. Israil requested loan from the local financial institutions several times for his family business start-up, but without any success. His loan request was rejected every time because of his low income and his family’s poor living conditions. Israil has a car. He drives it as a taxi to transport local people and earns small daily income, which is the main source of living for the family. Their additional income is Israil’s mother’s monthly pension. He is very hard working man and works long hours to earn good income, but it’s still not enough to feed his seven-member family. He requested loan from Credo to start-up a family business. Israil 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 provision of business start-up and re- start-up 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, Israil will install gas equipment in his car. The gas is cheaper then fuel and with installing the gas system in the car he will decrease his expenses and increase the profit. Increased profit will help him provide all the needed living conditions for his family. Israil hopes for your support.



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