Jemal is from the village of Teleti. He is 67 years old and lives with his wife, Tsisana. Jemal and Tsisana are both retired and get a monthly pension (in total $120 USD per month). They have children who already have their own families and live separately. Jemal and Tsisana assist financially their children.
They earn a living through agriculture. They have three milk cows and produce various dairy products, which are sold locally. The average monthly income of the family, including pensions, is 500 laris (approximately $300 USD).
Jemal requested credit for purchasing an additional milk cow. They will be able to produce and sell more dairy products and increase the income received from the dairy farm by 30 – 35 percent. Jemal plans to use the earned profit in finalizing the construction process of their own house.
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.