Vladimer is from the village Abastumani, South Georgia. Abastumani is famous throughout the country as a mountain resort and it is full of tourists during most of the year.
Vladimer is 44 years old. He lives with his family – his wife, Nina, their 19-year-old son, their 18-year-old daughter and his mother, who is retired.
Vladimer works in the local bathhouse as a security person. His wife works in the same bathhouse as a cleaning lady. Their total monthly salary is 240 GEL.
Along with their jobs, they get additional income from renting a family-owned house. They rent it to the tourists.
Vladimer requested the credit for renovation of this house. After the renovation, he will be able to rent it for a higher price. Vladimer will use the increased income for financing the children’s education.
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.