The family members are involved in agricultural business and grow apples, tomatoes, and garlic on a family owned land. Part of the harvested products is sold from their house and the rest from the nearest town's open market. The income from the agricultural activities is seasonal, and that’s why Venera decided to start her own business to generate monthly income.
Venera has applied for this loan in order to purchase a supply of clothing and household items at wholesale prices in Sarpi open market (near Turkish border) where prices are lower than they are in other parts of Georgia, and start a trading business.
Venera will be able to get more profit and have savings to satisfy the everyday needs of her family members. She awaits your generosity.
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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Success!! The loan was 100% repaid