Gocha is 45 years old. He lives in the village of Sartichala, East Georgia with his family: his wife Irma, two sons (22 and 21 years old), a daughter (16 years old) and his 71-year-old father. Gocha's daughter goes to school. His younger son is a student and the elder son works in a hospital, as a doctor's assistant.
Gocha and Irma lead the agricultural business of the family. Gocha's father helps them. The family has three milk cows and six calves. They produce cheese and sell it locally to dairy product retailers. Along with the dairy the family has small pig farm with two pigs. They sell piglets on local market. Also Gocha grows maize on a family-owned plot of land. Part of the harvested corn is sold to the wholesalers and the rest is used for feeding their livestock. The total average monthly income of the family is 1000 Laris (approximately $600).
With this loan Gocha plans to purchase 10 calves. He will raise them and sell the grown calves in the spring for a much higher price. This will bring additional income to the family. Gocha plans to reinvest part of the increased income in the family farm and the other part will be used 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.