A loan of $3,000 helped to buy a secondhand car and start a taxi business.


George's story

George lives in the town of Kutaisi. He is 48 years old and lives with his wife and daughter. George is an artisan, working on special orders locally. He gets a small monthly income which isn’t enough to cover the everyday expenses of his family. As the unemployment rate is high in the region and it’s often impossible for people over 40 to find a job, self-employment is the best way for them to earn a living. George’s case is similar. He has recently decided to purchase a car and start a taxi business to get additional income and ensure his family members have better living conditions. George’s 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 vulnerable poor, who do not have access to credit products, being regarded as “high risk borrowers” because of low income. With the received credit, George will buy a secondhand car and serve the local people as a taxi driver during his free time. The income of the family will increase and they will have enough income to access regular credit products available in the country’s capital market, in case of need.



Loan details


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Loan details