A loan of $2,000 helped to purchase a mini-bus and transport passengers inter town.


Zurab's story

Zurab is a 49-year-old married man who lives in a small town of Gori district with his wife and two school-aged children. Zurab is the only one who makes money in his household. Specifically, he is employed by a private auto company and provides the organization with the technical materials. His small wage is hardly enough to cover food and everyday expenses. That is why Zurab decided to start his own business. All of the financial institutions rejected his loan requests because of his lack of experience in the business.

After several unsuccessful attempts, Zurab applied for credit to 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 $2,000 will help him to purchase a minibus. Once the minibus is purchased, he will transport passengers on the minibus line in return for a service fee. This will significantly 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