Arkadi is a 28-year-old farmer from village Poga, Ninotsminda District. He lives with his wife Nozeli, their two sons (9 and 7 years old) and his parents. The children go to school and the rest of the family makes a living working in agriculture. In particular, they have a dairy farm with six cows and two calves and sell approximately 150 kg cheese per month. Along with the dairy, they have a pig farm with six pigs. Piglets are sold seasonally.
Also in late spring and summer, Arkadi is busy with fishing. He fishes in lakes which are located nearby and sells approximately 100 kg of fish per month. All products are sold in Ninotsminda and Akhalkalaki, towns in the district. Arkadi doesn’t own a car and has to rent one for transportation of products. Renting the car is quite expensive and not cost-efficient.
With the requested credit Arkadi will purchase a car. He won’t have to rent one anymore and his expenses for transportation will decrease, thus the profit will grow. With the increased income family, their living conditions will improve.
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.