He has been involved in the agricultural business from early childhood because his parents were farmers and this is a traditional activity for the family. Ioseb's wife is a housekeeper and looks after the children. They have 3 cows, a horse and 8 pigs.
Ioseb works hard to improve his family's living conditions. The Start Up program created by Kiva and Credo enable Ioseb to get a loan of 2,500 GEL to start a pharmacy business. He wants to open the pharmacy to supply villagers with medicine. This loan will be a great support for the family. Ioseb is thankful to Kiva Lenders for giving him a chance to generate income.
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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