Kamo is a 43-year-old farmer from the village of Ruisi, East Georgia. He is unmarried and lives with his parents. Kamo’s parents are retired and Kamo is the only income provider in the family. They have a milk cow and Kamo produces cheese and sells it in the village. Also the family owns 2 hectares of land. Kamo grows tomatoes, cabbage, barley, maize and onions. He sells harvested products to greengrocery retailers. Total average monthly income of the family is 700 Laris, including the pensions of Kamo’s parents.
Kamo requested credit for renting a tractor to till the land. Also, with the borrowed amount Kamo will purchase fertilizers. After proper cultivation and fertilizing, Kamo can count on good harvest in summer, which will be sold for an appropriate price. Kamo will use 30% of the borrowed funds for start-up of a new business. He will purchase piglets to set up a pig farm, which will be an additional source of the income for the family. With the increased income Kamo will be able to improve living conditions for himself and his aged parents.
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.