A loan of $1,525 helped to purchase a second-hand car and change its fuel system.


Iuri's story

Iuri is 54 years old and lives in the village of Krasnoe with his 25-year-old daughter. The source of income for the family is a small scale agricultural business. In particular, milking cow whose milk is sold locally. Besides this, Iuri cultivates a plot of land and sows various of vegetables, which are used for feeding. As the existing income is not enough for food and every day expenses, Iuri decided to purchase a car and start a taxi business. However, he would have to charge higher prices for his service because the price of benzene is high. Not many citizens could afford to use the taxi service at a higher price. Because of the above mentioned problem, Iuri will change his car's fuel system from benzene to gas, which is cheaper than benzene and will reduce the cost of transportation by 40 to 45 percent. It will allow Iuri to offer cheaper service to his customers. With this startup loan, Iuri will buy a second-hand car and pay a local auto service center to change the fuel system. He will start his taxi business and help the family in covering food and everyday expenses. The increased income will be used for the family's well being.



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Loan details