Mirian would like to work as a driver for the company as well. There is a vacancy for drivers, but owning a car is a necessary condition for this position.
Mirian applied for a 2300 USD loan through Credo. His loan request was approved within the framework of the Start-Up program, a joint initiative with Kiva that permits the rural poor to start or re-start businesses.
This loan will help Mirian buy a secondhand car and enable him to fill the driver opening. This means he will have an additional position in the company and double the salary. It is obvious that this will be hard for Mirian, but he is ready to deal with the difficulties as he’s a very enthusiastic and hardworking person with a great desire to get ahead.
This loan will be a great help for the family. Mirian is thankful to Kiva lenders for giving him a chance to make more money.
More information about this loan
This loan is part of Credo's startup loan program targeting particularly vulnerable clients who live at the subsistence level and have been unable to obtain credit due to lack of income from an existing business. This program offers them a longer repayment term and an annual interest rate that is 5% lower than the standard interest rate. By funding this loan, you are supporting a program that gives borrowers a second chance to start and grow small businesses. This has the potential to alleviate the effects of poverty, significantly improving borrowers' incomes and their families' quality of life. Learn more about Credo's startup loan program on the Kiva Blog.
About LLC Micro Finance Organization CredoLLC Credo (Credo) is a microfinance organization in Georgia that provides sustainable credit services to alleviate poverty in rural areas, including business loans, agriculture loans, household loans, crop insurance and more. Kiva lenders’ funds are used to help the organization expand its outreach to even more entrepreneurs, farmers and households in remote areas.
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