Koba is from the village of Didi Jikhaishi in West Georgia. He is 39 years old, unmarried, and lives with his family – his parents, 2 orphan nieces (17 and 14 years old) and a 7-year-old nephew. His elder niece is a student and the younger children also go to school. All three of them receive orphans’ pensions from the Georgian Government. Koba’s parents are retired and also receive pensions.
Koba is leading the agricultural business for his family. He works hard on the family farm. They have 3 milk cows and 2 calves. Koba sells on average 60 kg of cheese per month at the local market. They also have a pig and sell 8-9 piglets per year. Along with the abovementioned, the family members grow maize on 1.25 hectare of family-owned land. The harvested crop is used for feeding domestic animals. The total average monthly income for the family (including the pensions from Koba’s parents and the orphan children) is 675 Laris (approximately 400 USD).
Koba requested credit to purchase a milk cow. He will produce and sell approximately 35% more cheese and increase the income for his family. He will use the increased income to improve the living conditions of his orphan nieces and nephew.
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.