Khvicha is 50 years old. He comes from village Kvenatkotsa, East Georgia. Khvicha is married and lives in the village with his wife Ketevan, two sons (21 and 20 years old) and his parents. All members of the family are involved in agricultural activities. They run a dairy farm with three milk cows, produce cheese and sell it on the open market. Also they rent 4.5 ha of land, where wheat, barley, maize, haricot beans and garlic are grown. Harvested products are sold locally. Also Khvicha has a modern multifunctional tractor which performs different types of agricultural tasks – tilling, cultivation, sowing. He uses it in his farm, as well as carrying out orders of neighbor farmers. Total average monthly income of the family accounts to 1700 Laris.
With the requested credit Khvicha will purchase the plot of land with an area of 4.5 ha, for which he now pays rent - 600 Laris. This is quite a significant expense for the family. As a result of the purchase of land, the income of the family will increase, as they won’t have to pay rent for the land.
With the increase in profit Khvicha plans to purchase more agricultural machinery, which will be used in his farm, as well as neighboring farms.
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.