Martiros is a 56-year-old farmer from village Skhvilisi. He is married and lives with his wife in the village. The main income of the family comes from agricultural activities. In particular, they have a plot of land where potatoes are grown and also an apple garden. Harvested potatoes and apples are sold locally to greengrocery retailers. Total average monthly income of the family is 850 Laris.
With the requested credit Martiros will purchase fertilizers for the plot. After fertilizing he will get more and better quality harvest and thus more income from sales.
Increased income will allow Martiros to put aside some savings and purchase a truck, for transportation of his products. When he purchases a truck, he will be able to sell his products outside of the region, where prices for potatoes and apples are higher.
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.