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May 19, 2016 10:38 AM ET

Archived: Georgia – Goneli: A loan of $1,375 helps Goneli to start a poultry business.

iCrowdNewswire - May 19, 2016



Zugdidi, Georgia Agriculture | Poultry




Goneli is 65 years old married man. He lives with his wife in Zugdidi district. The family is involved in agricultural business. In particular, they have 2 cows and a plot of agricultural land, where they grow 400 nut trees.

Goneli decided to start a poultry business along these activities and requested a loan. The Start Up program, which is a joint initiative with Kiva and Credo enables him to get a loan of 3000 GEL. With the received credit he will purchase chicks will raise them and will resell at a good price to generate profit.
Goneli awaits your support to start up poultry business.

Additional Information

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 Credo

LLC 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.

A loan of $1,375 helps Goneli to start a poultry business.
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