Bondo is 36 years old. He lives in the village of Koghoto, East Georgia, with his family: his wife, Ia, and his 3-year-old daughter.
Bondo works as driver and guide. He provides transportation and guide service to tourists visiting his region. Ia is leading the agricultural business of the family, and Bondo helps as well. The family owns a small pig farm with three pigs and piglets. They sell on average 30 piglets per year in the village. Along with the pig farm, the family also owns 3 hectare of land where maize and vine-trees are grown. Maize is sold on the local market to retailers and harvested grapes are sold to the local wine producers' factories. The total average monthly income of the family is 1,100 Laris.
Bondo requested credit for initiating a new family business – a dairy farm. With the requested credit, he will purchase two milk cows. Ia will produce cheese and sell on average 40 kg of traditional Georgian cheese on the local market to dairy product retailers. The income of the family will increase by 300 Laris. They will use part of the income for further development of the family agricultural business, and the remaining will be used for purchasing additional household goods to improve the family's 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.