Mimoza is a 32-year-old farmer from the village of Matani, Akhmeta District. She is married and lives with her husband, Martia, 12-year-old daughter and 7-year-old son. The children go to school. Martia is a painter and works in the village. He earns approximately 400 laris per month. Mimoza is busy with agriculture. On the family-owned plot of the land (0.8 hectares), she grows maize and sells it. Her average monthly income amounts to 100 laris. The family is the beneficiary of state financial assistance, as a family living below the poverty line.
With the requested loan, Mimoza plans to start up trade in secondhand clothes. She will purchase the clothes from wholesalers and sell them in the village among the villagers. According to her estimations, she will have many customers as secondhand clothes will be popular because of affordable prices. With the increased income, this family will improve their living conditions by purchasing better food and household items.
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.