Tea is a 36-year-old farmer from the Khoni district. She is married and lives with her family - her husband Vazha and her 14-year-old daughter, who goes to school. Tea’s daughter has health problems and receives a pension from the government. Vazha serves in the army of the country. Tea is leading the family agricultural business. She has two milk cows and a calf. Tea produces cheese and sells it on the local open market. She also has a greenhouse, where she grows greens and tomatoes. Harvested products are also sold on the local open market. The total average monthly income of the family is 750 laris.
Tea requested credit for purchasing a polyethylene cover for the greenhouse. She has to change the old one, as it is torn and can’t keep the right temperature. Tea will also use part of the credit for purchasing fertilizers for the greenhouse. After changing the cover and fertilizing the land, Tea will get a better harvest, which will bring increased income to the family. Tea plans to reinvest part of the profit in the same business, for further development of the greenhouse.
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.