In order to meet increasing household expenses and to generate income for this large family's well being, Ana is requesting a loan. She will buy stocks of merchandise at wholesale prices to start a sales business. She will offer her clients a wide assortment of winter clothing, linens and various household items and give them the option of paying later for their purchases. The loan will enable Ana to earn more profit and to save more money to satisfy the family's everyday needs. She awaits your generosity
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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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This loan has been fully funded!