Ana is a very energetic and brave woman, with a great desire to get ahead and give her son the proper education for progressing in life. Ana’s wage is not enough for making savings and covering food costs and utilities as well. That is why she has decided to start a clothing store. Batumi is a fast-growing city and it’s an attractive place to start a business. With the loan, she will conduct the store hiring, buy apparels and, after the store is well-stocked, Ana will be able to attract many customers. She will increase the turnover gradually and invest the profits in the same business. She awaits your 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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