Guguli is 60 years old, married and lives with her husband, Jemal in the village of Bobokvati, Georgia. Guguli and Jemali are retired and their pensions and agriculture are their main sources of income.
They have a milk cow and citrus garden on a 0.3 hectare piece of family owned land. They sell dairy products and citrus at the local market. Their average monthly income is 500 Laris.
Guguli will use the loan to pay expenses related to harvesting a citrus crop (purchase boxes for storing harvested products, paying the workforce). Also, part of the loan will purchase hay used to feed their milk cow during winter months.
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.