A loan of $5,000 helped to purchase a car.

Samir's story

Samir is 30 years old. He lives in Marneuli District with his parents. Samir requested loans from local financial institutions several times for a family business start-up, but without any success. His loan request was rejected because of low income and his family’s poor living conditions.

Samir is requesting a loan from Credo, which he will use to start a family business. 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. These rural poor people are regarded as “high risk borrowers” because of their low income.

With his loan, Samir will purchase a car. He will also purchase stock of groceries and household goods from the wholesalers and transport them by car to sell in nearby villages. He will work hard to earn a good income and help his family. The new business initiative, financed with the Kiva start-up loan, will significantly improve the living conditions of the family.

Loan details

Lenders and lending teams

Loan details