Expired

Total loan: $2,000
Powered by 12 lenders

Besik


A loan of $2,000 helped to purchase a car to drive as a taxi.


Besik's story

47-year-old Besik lives in the Senaki district with his 36-year-old wife and two children (eight and ten years old). Besik requested loans from local financial institutions several times for his family business start-up, but without any success. His loan request was rejected each time because of low income and family’s poor living conditions.

The main source of income for the family is their small monthly salaries. Besik is working as a security guard, and his wife is working as a seller at the local shop. Their additional income is from agriculture. They own a plot of agricultural land where maize is grown. The harvested product is sold at the local market.

Besik requested a loan from Credo to start up the family business. Besik 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 the 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, Besik will purchase a car. He will start driving the car as a taxi. Besik is a very hard-working man. He wants to improve the family's living conditions and ensure that his children can study in the future, and for this he will work as hard as he can. The new business initiative financed with the Kiva start-up loan will significantly improve the living conditions of the family.



Loan details

Loan length:

21 months
Disbursed date: June 29, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo
Expired: August 6, 2013

Lenders and lending teams




Loan details

Loan length:

21 months
Disbursed date: June 29, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo
Expired: August 6, 2013