Funded

Total loan: $2,000
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Zviad

Georgia
Kutaisi, Georgia / Transportation

A loan of $2,000 helped to pay the mini-bus toll and start a mini-bus line service.


Zviad's story

Zviad is a 31-year-old young man, who lives in Kutaisi, west Georgia. He lives with his wife, school-aged son and mother-in-law. His mother-in-law is a housekeeper but his family's primary source of income is his wife's work serving clients as a manicurist at a salon. However, a four-member family cannot live only under this insignificant salary.

Zviad decided to contribute to the welfare of the family and start his own activity. He sold his second flat in order to buy a mini-bus for serving clients as a driver and to generate some income to increase his family's standard of living. Zviad applied for a loan through MFO Credo, and was approved under the framework of a start-up program. This program is a joint initiative with Kiva that permits the rural poor to start or re-start businesses. A loan of $2,000 will help him to pay the mini-bus toll and then start a mini-bus line service. Zviad hopes to offer his family a higher quality of life and a more stable financial future.



Loan details

Loan length:

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

Lenders and lending teams




Loan details

Loan length:

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