A loan of $3,000 helped to purchase a car for use as a taxi.

Gocha's story

Gocha lives in the small village of Dighomi, near the capital city. He is 48 years old, married, and lives with his wife Manana, two sons, and a daughter-in-law. Manana works at the local bakery and gets a monthly salary.

Gocha's economic activity is a greenhouse where different kinds of vegetables are grown. His sons help Gocha run this business. The harvested products are sold at the capital city open market. Gocha decided to start his business as their existing income isn't enough for the family and their living conditions are poor.

His loan request was approved in the frame of a new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and restartup credits with soft conditions to country rural poor, who do not have access to credit products, being regarded as "high risk borrowers" because of low income.

With the loan, Gocha will purchase a car and serve local people as a taxi driver. The income of the family will increase and they will be able to improve the living conditions of the family. Along with the above mentioned, the family will have enough income to access regular credit products available in the country's capital market, in case of need.

Loan details

Lenders and lending teams

Loan details