Kakha is 40 years old; he is married and has two children – a 10-year-old daughter and an 8-year-old son. The family lives in the village of Tsveri, Kartli Region. The family has one milk cow. They produce cheese and sell it in Khashuri, a nearby town. Also they own a 4.3 ha plot of land and grow tomatoes, haricot beans, barley and wheat. The grains and tomatoes are sold locally. In addition to the agriculture, Kakha and his wife run a retail business. They buy linens on the wholesale market and sell them in the village.
Kakha got the loan from Credo for agricultural business – to till the land, purchase fertilizers and seeds. Kakha hopes that they will have a good harvest season and plans to invest the profit in their retail business as well as paying for their children's education.
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.