A loan of $1,500 helped to pay the tax for his car, so he will be able to use it to provide taxi services.


Solomon's story

Solomon lives in the small village of Kobuleti district. He is 47 years old and lives with his wife, son and daughter. Solomon is, at the moment, unemployed. The sources of income for the family are the monthly salaries of Solomon’s wife, who works as a saleslady at the supermarket, and his son, who is a security guard. Solomon’s daughter is a student. The family managed to save enough money to purchase a car. As their existing income isn’t enough for the family and their living conditions are poor, Solomon decided to serve the locals as a taxi driver with his own car but he needs money to pay the tax for it. His loan request was approved as part of a new joint initiative between Kiva and Credo. This start-up loan program aims to provide business start-up and restart-up loans with more favorable conditions to rural poor people. They do not have access to standard credit, being regarded as 'high-risk borrowers' because of their low income. After the tax is paid, Solomon will start his business and the income of the family will increase. The family will also have enough income to use the usual sources of credit in the country, in case of need.



Loan details


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Loan details