Nora is 51 years old. She lives in a small village in the Abasha District with her husband, Roland, and 20-year-old daughter. All family members are involved in the family agriculture business, which is the only source of the income for them. The family owns a dairy farm with four milk cows. Nora produces traditional West Georgian cheese and sells 50 – 55 kg of this product per month at the local open market. The family also has 2.5 hectare land where maize is grown. Nora and Roland sell harvested maize at the local market as well. The family's total average monthly income is 500 Laris.
Nora requested a loan in order to expand the family dairy farm. She will purchase an additional milk cow and increase production and sales of cheese by 25%. She also plans to start a new small business. With part of the loan, Nora will purchase clothes on the wholesale market and sell them in the village. She will reinvest the profit in the same business and increase the turnover. As a result of these investments, the family's income will increase and they will be able to improve their living conditions.
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.