Otar is 59 years old. He is from the village of Bashi, West Georgia, where he lives with his wife Mzia. He works as a repairman, fixing car and tractor motors in a small workshop at his home. Otar is also actively involved in his family's agriculture business: they have three milk cows and they produce and sell an average of 50 kg of cheese per month. They also have 1.25 hectares of land, where they grow maize, cucumbers, tomatoes, and watermelons to sell to local retailers. The family's total average monthly income is 700 Laris.
Otar has requested a loan to purchase a mini-bus so he can take his products to nearby towns and villages and sell them for higher prices. According to Otar’s calculations, he will earn a much higher profit this way, even taking into account the transportation costs. With their increased income, the family will improve their living conditions.
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.