Maya has graduated from pedagogical college and works as a teacher at the local nursery school. Unfortunately, a teacher’s salary is very small so Maya decided she should generate additional income.
She requests a loan to renovate a room in her house to start a special education and rehabilitation centre for disabled children there.
Children who have physical, mental and developmental disabilities will be provided with education according to their intellectual level. The center will work on weekends, when other schools are closed.
Maya has experience with disabled children and she can handle this challenge well. Maya loves children very much and hopes her project will be useful for them.
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