A loan of $2,125 helped to open a car service center.

George's story

George is 29 years old. He lives in Ozurgeti district, Natanebi village with his 26 year old wife and parents. George requested a loan from local financial institutions several times for family start-up business, but without any success. His loan request was rejected every time, because of low income and family’s poor living conditions.

George's family runs an agricultural business. They own a plot of land where nut, mandarin and lemon trees are grown. Harvested products are sold at the local markets and they earn a small monthly income, which is barely enough to feed 4 members family.

George requested a loan from Credo to start a family business. George has now been approved for a loan within the framework of the new joint initiative of Kiva and Credo. The start-up loan program involves providing 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, George will open a car service center. George will fix the cars himself. He used to work as a car artisan before. As local people know this, it will help him to have a good client base, leading to a good profit. He will reinvest part of the profit in his business, in order to expand it. He wants to improve his family's living conditions and is willing to work hard and for long hours to achieve his goal.

Loan details

Lenders and lending teams

Loan details