The family runs an agricultural business and breeds three pigs and eight piglets. They also own a calf and several hens. Leila sells pork, piglets and eggs at the local open-air market.
All the family members work hard, but the existing income is not enough for a five-member family.
She has requested this loan to invest in the purchase of fruits and vegetables to start her business and generate revenue. Leila will sell products in her village among the community members.
The new business initiative, financed by Kiva lenders, will significantly increase the monthly income of the family and will improve their living conditions.
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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