There is a high unemployment rate in the region and Archil has been unable to find a suitable job. Recently though he found that the Tourist Agency needed a driver.
Archil has applied for the job and he has been hired, but he is required to use his own car. That’s why Archil needs financial support. With the startup loan, Archil will buy a secondhand car that he can use to serve the tourists. He will earn a monthly income and improve his living conditions. He awaits your help and kindness.
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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