A loan of $2,800 helped to purchase a minibus and work on a minibus line.

Amiran's story

Amiran is a 51-year-old married man who lives in the small village of Tsirkvali with his wife, two sons, daughter-in-law and a grandchild. Amiran is welder. He works at the local area and gets a monthly salary. His younger son is a taxi driver, and the elder works as a laborer at the warehouse located near their house. They earn monthly income as well.

Amiran and his family members work hard all day long to earn a living, but their existing income is not enough to cover food and everyday expenses of such a large family. That is why Amiran decided to start his own business. All of the financial institutions rejected his loan requests because of his unstable financial conditions and lack of experience. After several unsuccessful attempts, Amiran applied for credit from MFO Credo. His request was approved in the framework of a Start Up program, which is a joint initiative with Kiva. This program enables the vulnerable poor to start or re-start businesses.

A loan of $2,800 will help him to purchase a minibus. Once the minibus is purchased, he will work on the minibus line and increase the family income. With the increased income, he will be able to improve the living conditions of his family members.

Loan details

Lenders and lending teams

Loan details