With a small dairy farm consisting of two milk cows, Nana and Sergo produce and sell on average 40 kg of cheese per month to local dairy product retailers. The family also has a vineyard with 1000 vine-trees, producing wine that Sergo sells in the village. Total average family monthly income is 850 Laris.
Nana is now requesting a loan to purchase vine-tree saplings to plant, and after four-five years the family will start to harvest more grapes. Sergo will be able to produce more wine and thereby increase income from wine-sales. The family will use the increased income to finance the education of their children.
About LLC Micro Finance Organization CredoLLC 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.
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