Funded

Total loan: $2,100
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Tina


A loan of $2,100 helped to buy a car and start a Taxi business.


Tina's story

Tina lives in the Senaki district. She is 52 years old, married and lives with her daughter, son-in-law, grandchild and husband. The source of income for the family is an agricultural business. They breed four milk cows and make cheese which is sold at the local open market.

Tina and her husband, Rauli, decided to start a new business as their existing income wasn't enough for the family. Her loan request was approved in the frame of a new joint initiative between Kiva and Credo. The start-up loan program envisages the provisions of business start-up and re-startup credits with soft conditions to the country's rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of their low incomes. With the loan, Tina will purchase a car and Rauli will serve the local people as a taxi driver. The income of the family will increase, and they will be able to improve their living conditions in the future.



Loan details

Loan length:

18 months
Disbursed date: October 31, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo

Lenders and lending teams




Loan details

Loan length:

18 months
Disbursed date: October 31, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo