Ramil plans to begin trading food products to increase family income but he needs a van in order to make deliveries. With the loan, Ramil will pay for the van and start buying citrus as it is now harvest season and the prices are low. He will transport fruits from west Georgia and sell with the price mark-up in his district. He will also sell various vegetables seasonally and work hard to develop his business. Ramil is a very hardworking man with a great desire to ensure that his family members have good living conditions. He will earn a good income in order to satisfy the daily needs of his family.
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