Her business is going well. That’s why she’s decided to develop it and start a beauty salon, where she could serve her customers comfortably and attract others, as well. With the startup loan, Rusudan wants to rent the salon space and purchase all the needed modern inventory to begin a hair care business. According to her estimates, the business will be profitable and will increase the income for her family. The increased profit will be reinvested in the same business, and the newlywed couple will be able to increase their spending to satisfy their daily needs. Rusudan awaits your support.
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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