A loan of $350 helped to purchase a motorbike to transport wood.


George's story

George, 30years old, lives in the small village of Telavi with his wife, mother and two infant daughters. The only source of income for the family is the small salary George earns as a physical worker. Because his income is not stable and inadequate for the family, he decided to start his own business and seek credit among local financial institutions, but his attempts were unsuccessful because of his poor living conditions. The startup program that is a joint initiative between Kiva and Credo enables the rural poor and inexperienced to get a loan to start or re-start business ventures. George's application for a loan of 550 Gel was approved under the framework of this program. He will use the loan to purchase a motorbike to transport wood from the forest to resell. This, along with his job as a manual laborer, will generate a stable income, thereby giving him a real opportunity to improve the living conditions of his family.



Loan details


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Loan details