A loan of $2,500 helped to buy a second-hand car to start his new taxi business.

Vazha's story

Vazha, age 50, is a maize farmer and a beekeeper. He also works for a local private company as a driver, and his salary generates approximately 250-300 Gel per month. He owns 0.4 hectares of farmland, where he grows his crops and keeps his single bee-hive. He is a very hard-working man who takes good care of the colony of bees in his bee-hive and cultivates his land seasonally. He is unmarried and lives in the Kvareli district of the Kakheti region.

Because he has gained good experience as a driver, Vazha wishes to start his own taxi business. After several unsuccessful attempts to obtain start-up credit, Vazha applied for credit from MFO Credo. His request was approved in the framework of the organization's start-up program, which is a joint initiative with Kiva serving poor rural entrepreneurs who hope to start or re-start businesses.

This loan of $2,500 will allow Vazha to purchase a second-hand car. He will serve the local people as a taxi driver and transport them to and from nearby cities. This credit will be a great support for him as he starts his new business.

Vazha is thankful to Kiva lenders for giving him a chance to generate a better income.

Loan details

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Loan details