A loan helped to purchase a car and start serving people as a taxi driver.

Malkhaz's story

Malkhaz, 39 years old, is from Bolnisi. He has a wife and little daughter and son. The only source of income for the family is from their agricultural activity. They own a plot of agricultural land and four pigs and the income is too insignificant for a four-member family. Malkhaz needs financial assistance to be involved in another stable business and tackle the financial difficulties.

After several unsuccessful attempts, Malkhaz has been approved for a loan within the framework of a joint initiative between Kiva and Credo. The start-up loan program provides business start-up loans with soft conditions to informal businesses that do not have access to credit products. With the loan amount, Malkhaz will purchase a second-hand car and will start serving local people as a taxi driver.
The loan will greatly assist Malkhaz and his family members. He will be able to improve his economic situation and give his family a better style of life.

Loan details

Lenders and lending teams

Loan details