A loan of $5,000 helped to buy a mini-bus.

Gocha's story

Gocha is 45 years old. He lives in Rustavi district with his 29-year-old wife Nino. Gocha requested a loan from local financial institutions several times for a family business start-up, but without any success. His loan request was rejected all the time, because of his low income and his family’s poor living conditions. Gocha’s wife Nino is a teacher at the local school and earns a small monthly salary of 300 Gel. This is the only source of living for them.

Gocha requested a loan from Credo to start a family business. Gocha 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-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, Gocha will purchase a mini-bus. He will start working on a bus line, Rustavi-Tbilisi. As Rustavi is very close to the capital city, a lot of people travel to Tbilisi every day. This bus line direction is in great demand and Gocha will have a lot of passengers every day. It will help him to earn a good income and improve his family's living conditions.

Loan details

Lenders and lending teams

Loan details