Nugzar D. lives in the village of Sajavakho, Martvili District. He is 48 years old. Nugzar lives with his mother, sister-in-law and his nephew.
Nugzar is a tinsmith by profession. He designs ovens, iron railings, and iron ladders. He sells the products locally as well as in nearby villages. Along with the above-mentioned, Nugzar helps other family members in their dairy farm and vegetable growing. His average monthly income is 600 Laris.
With the requested credit, Nugzar plans to purchase iron materials, which will be used to produce ovens and railings. Cost of goods sold per oven is approximately 125 Laris, while the selling price is 300 Laris. Nugzar plans to reinvest the profit in the same business and increase the inventory in his workshop.
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.