A loan of $1,000 helped to buy a car and work as a taxi driver.

Konstantine's story

Konstantine is 31 years old and lives in Tbilisi with his parents, three brothers and grandmother, who receives a retirement pension. He has requested loans from local financial institutions several times for a start-up, but without any success. His loan request was rejected because of low income and family’s poor living conditions. He works as a gardener and his father is a driver, and they both earn a small monthly income. There is hardly enough on food for the family. According to Credo estimates the family belongs in the subsistence poor category.

Konstantine is requesting a loan from Credo to start-up a family business. He has now been approved for a loan within the framework of a new joint initiative of Kiva and Credo. The start-up loan program provides start-up and re-startup credits with easy terms to rural poor people who do not have access to credit products. These people are regarded as high-risk borrowers because of their low income. With his credit Konstantine will buy a car and work as a taxi driver. He will continue working as a gardener every third day and drive the taxi on the other two. The new business initiative will significantly improve the family's living conditions.

Loan details

Lenders and lending teams

Loan details