Gogita is 24 years old. He lives in a small village in the Vani District with his family: his 21-year-old wife, their 4-year-old son and his mother.
The family earns a living through agricultural business. They have a milk cow and they produce cheese and sell on average 20 kg. of this product on the local market to dairy products retailers. Also they have .75 hectare of land, with 400 vines and 200 nut trees. Gogita sells harvested products on the local open market. The total average monthly income of the family is 400 GEL.
Gogita requested a loan for purchasing a milk cow. With two milk cows, the family will be able to increase production and sales of cheese by 100%. It will increase the average monthly income of the family by approximately 150 GEK, about a 40% increase. The family will use the increased income for improving 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.