Otar is 52 years old. He lives in a small village in the Kobuleti District, Seaside of Georgia. Otar lives with his wife, Manana. She is a teacher in a local school. Otar is busy with family agriculture. He grows maize, tangerines and nuts on family-owned 0.6 hectares of land. Otar harvests on average 1.4 tons of nuts, 1.5 tons of tangerines and 1.5 tons of maize. He sells the harvested products to local retailers. Otar spends most of the day on the plot. He works hard, especially in the spring season, to get a good harvest. The total average monthly income of the family is 600 Laris.
Otar requested a loan to purchase fertilizers. After fertilizing the plot, Otar will get a better quality harvest, which will be sold for a convenient price. Otar will use the gained profit for further expansion of the family farm, to make it more profitable.
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.