Teimuraz is 39 years old and lives with his wife in Mtskheta. His wife receives an invalid pension from government institutions. Teimuraz has 15 hens and sells eggs locally. He wants to open an incubator and expand his poultry business.
The Start Up program, which is a joint initiative between Kiva and Credo, enables him to get a loan of 2,900 GEL. With the credit received, he will open an incubator and will have a more stable income.
This loan is special because:
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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.