Maka has been involved in a trading business for the past year. She goes to the biggest market in the capital, where she buys products at wholesale prices and then sells them among her villagers. She is hard-working and determined, with a will to get ahead in life.
Her plan now is to continue to work on her business and to make it grow. Maka applied for the loan to LLC Micro Finance Organization Credo. Her request was approved in the framework of a Start Up program, which is a joint initiative with Kiva, permitting the rural poor to start or re-start businesses.
A loan of GEL 1,200 will help Maka to enlarge the quantity of products she sells. With this financial support, Maka will expand her business and attract more customers.
The Start Up credit will be a great support for the family, as their income will be increased. Maka gives her regards to Kiva Lenders and she hopes she can make better life conditions for her children.
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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This loan has been fully funded!