A loan of $3,000 helped to open a car washing center.


Nodar's story

Nodar is 47 years old and lives in Batumi district with his wife and two sons, Kakhaber, 25, and Luka, 13. Nodar requested loans from local financial institutions several times 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.
The only source of income for the family is from Nodar’s elder son Khakhaber, who is working as a marine.
Nodar requested a loan from Credo to start up a family business. Nodar 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, Nodar will open a car washing center. He has a space which needs some minor construction work. After that, Nodar will purchase all the needed equipment and start the new business. He wants to improve his family's living conditions and insure a better life for them. Also, he needs to provide for the education of his young son Luka, so Nodar will work as hard as he can to make his business successful and profitable.



Loan details


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Loan details