A loan of $5,000 helped to buy a car to use as a taxi.

Edgar's story

Edgar lives in the Ninotsminda district with his brother, sister-in-law, niece and a mother. He is 19 years old and jobless at the moment. Edgar’s brother works as a salesperson at the grocery, and he is the only one earning money in the household.

As that income is not enough to cover the family's every-day expenses, Edgar decided to start a new business. He found, however, that he doesn't have enough money to do so. Therefore, he needs some credit to implement his plan.

His loan request was approved in the framework of a new joint initiative of Kiva and Credo. The start-up loan program envisages the provision of business start-up (and restart-up) credits with soft conditions to the vulnerable poor who are regarded as “high risk borrowers.” Because of their low income, they do not have access to credit products.

With this credit, Edgar will purchase a second-hand car. He will serve the local people as a taxi driver and transport passengers.

Edgar is a very enthusiastic and hard-working person with a great desire to help financially his family members. This credit will be a great support for his family. Edgar is thankful to Kiva lenders for giving him the chance to generate income.

Loan details

Lenders and lending teams

Loan details