A loan of $3,000 helped to purchase a car and drive it as a taxi.


Roin's story

Roin, 43, lives in the capital city of Georgia, Tbilisi, with his 42-year-old wife, Lela, and their 20-year-old daughter, Nino.

Roin has requested loans from local financial institutions several times for family business start-ups, but without any success. His loan requests were rejected all the time because of low income and his family’s poor living conditions.

Roin is working as a driver on a bus line. His wife is a cook at the local bakery. They both earn small monthly salaries, which are the only source of income for the family.

Roin requested a loan from Credo to start a family business. Roin 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, Roin will purchase a car. When he has free time or a day offs from the bus line, Roin wants to earn additional income by driving the car as a taxi. He is a very hardworking man and doesn’t want to waste time. During his free time Roin will earn a good profit by driving locals in the town and will be able to provide for future studying for his daughter. The new business initiative, financed with the Kiva start-up loan, will significantly improve the living conditions of the family.



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Loan details