The family also owns three hectares of land on which they grow maize. Nargiza uses the maize to feed the cows and sells the rest at the local market. The family’s total average monthly income is 350 GEL.
Nargiza requested a 1500 GEL loan from Credo to buy fertilizer and rent a tractor to till the family’s fields. By doing so the family can hope for a better harvest that can be sold for a higher price. Nargiza and Murad will use their profits to cover the family’s daily needs.
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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Success!! The loan was 100% repaid