As it becomes harder to earn a living over time, Natela wants to expand her agribusiness in order to more effectively meet the daily costs of her family. A loan of 3,000 GEL (Georgia lari) will be a great support to this hard-working woman and her family, enabling her to start a trading business in cheese. She will purchase stock of cheese at low prices and will sell it at an increased price to the wider market; particularly, she will take away products to the capital of Georgia.
Natela and her family rely on the goodwill of the lenders and will highly appreciate their 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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This loan has been fully funded!