Biktor is a 42-year-old farmer from the village of Korbouli in the Imereti region of West Georgia. He lives with his family, which comprises his wife, Marina, his 7-year-old son, and parents. Biktor’s son goes to school.
During the morning hours, Biktor works as a school bus driver. He takes children to school. After the morning, he is busy in the family's agricultural business. Marina works as a teacher in the local school. Biktor’s parents and Marina are also involved in agriculture. The family owns three milk cows. Marina produces cheese, which is sold locally to dairy product retailers. Also, the family grows beans and maize on a family-owned 1.25-hectare parcel of land. About half of the harvested products are sold locally and the rest is used for feeding the cows. Last year, Biktor started a mini sheep farm. He purchased nine lambs and raised them.
With the requested loan, Biktor plans to purchase 20 sheep. He will sell sheep milk products and lambs. This will significantly increase the income of the family. Biktor plans to reinvest the profit received from sheep breeding in the same business, in order to expand it and make it more profitable for the future.
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.