Naira is from the village of Gomi in East Georgia. She is 43 years old, married and lives with her family: her husband Vladimer, her daughter in law and 1 year old grandson. Naira works as a milkmaid on a local farm. Along with her main job, Naira is actively involved in operating the family farm. The family has 2 milk cows and 1 calf. They produce cheese and sell it locally. Also the family owns 0.80 hectare land, where maize and beans are grown. Total average monthly income of the family is 950 Laris.
Naira requested credit to purchase 6-7 calves. He will grow the calves during winter months and sell them in spring for much higher price. It will bring to the family significant additional income, which will be used for improving family living conditions. Also Naira will use 10% of the loaned amount for covering her old loan, taken from Credo.
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.