Ana’s husband owns a car and serves the tourists during summertime. He transports shepherds in winter when the tourist season is over in return for a service fee. He has too many clients and doesn’t have enough time to serve them all. For this reason, the family decided to buy an additional car, and their elder son will work in same business.
With the received credit, Ana will purchase a secondhand car for her son to transport the tourists and generate income. There will be an additional person who makes money in the household, and Ana hopes her children will have an improved standard of living.
Ana hopes for your generosity.
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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