Nikoloz lives in a small village called Mukhrani, located in one of the agricultural area of the country – Kartli. He is 28 years old, unmarried and lives with his parents and brother. Nikoloz’s mother is a housewife and his father is a taxi driver. Nikoloz’s contribution to his family’s income is very important - approximately 65%.
Nikoloz runs a car washing facility in the village. In addition to this, Nikoloz recently constructed a building for a grocery shop. The building is next to the car washing box. With this loan Nikoloz plans to renovate the building and open the shop to the first customers. According to Nikoloz’s estimations the shop will have a sufficient number of clients and will be profitable. A part of the profit received from the retail trade will be used for expansion of the car washing facility.
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.