Leila also works at a local store as a saleswoman and has a fixed monthly salary of 350 GEL. However, this income is barely enough to meet all the daily expenses and rising needs of her family.
Leila has requested a loan to purchase a dairy cow. She plans to produce yogurt to sell at the store where she works. Leila will have loyal costumers for her high-quality product. This will be an additional source of income for her. Leila will be grateful for help in developing her agribusiness. She awaits your support.
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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