Otar is 22 years old. He lives in a village near Tbilisi, the capital city of the country. Otar lives with his family – parents and 13-year-old sister. She goes to school. Otar’s parents work as agricultural workers in the village. They get a monthly salary. Otar takes care of a milk cow, owned by the family. He produces cheese and sells it in the village. Total average monthly income of the family is 900 Laris.
Otar requested credit for purchasing calves. He will raise them for 9 months and sell grown calves in winter for higher price. Otar will use his profit for further development of the family farm.
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.