A loan of $4,000 helped to begin selling auto spare parts.

Leri's story

Leri is 40 years old and a married man. He lives in the capital city of Georgia with her wife Lali and infant child. Lali is unemployed; she is looking after their child and stays home. Leri served local people as a taxi driver and generates a small monthly income, which is not enough for a three-member family for covering everyday costs. There is high unemployment rate, but self-employment helps inhabitants to make living.

Leri also decided to start his own business with a loan, but the local credit providers usually demand experience and some stable income from borrowers. His credit requests were rejected several times, as he didn’t satisfy their requirements.

Leri received this credit in the framework of a joint initiative of Kiva and Credo, the so-called Start-up Program that gives rural poor people the chance to start or re-start businesses. With the loan of $4000, he will purchase second-hand cars, which are amortized and not in use and start selling the spare parts. He has already rented a commercial space, where he is going to open his auto spare parts shop and make additional income. This credit will be a great support for the family. Leri is thankful to Kiva Lenders for giving him a chance to increase their income.

Loan details

Lenders and lending teams

Loan details