David is 50 years old and a farmer from the village of Ortabatumi, West Georgia. He lives with his family: his wife, Nargiz, and his 18-year-old daughter, Ilona. Ilona goes to school. David works in a local construction company. He works hard at his job, but still finds time to work on the family farm, which is an additional source of the income for the family.
They have a dairy cow. Nargiz produces cheese and sells it at the local market. The family also has 0.5 hectares of land, on which they grow tangerines. Nargiz sells the harvested citrus to green grocer retailers. Their total average monthly income is 800 Laris.
With the requested loan, David will purchase another dairy cow. The family will double their production and sale of cheese and increase their income. They will be able to purchase additional household goods and 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.