A loan of $1,500 helped to purchase a car to drive as a taxi.


Givi's story

Givi, 23 years old, lives alone in Kutaisi district, West Georgia. Several times, he requested a loan from local financial institutions for a family business start-up, but without any success. His loan request was rejected each time because of low income and his family’s poor living conditions.

Givi’s mother is working abroad. She is sending transfers to Givi. Also, he is renting out rooms in his house to get a small monthly income.

Givi requested a loan from Credo to start-up a family business. Givi has now been approved for a loan within the framework of the new joint initiative between 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, Givi will purchase a car. He will start driving it as a taxi and will serve local people, to earn additional daily income. Givi is a very hard-working man. He wants to start his own business and increase the family income. With the increased income, he will be able to improve his living conditions and provide a better future for himself.



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Loan details