Beka is thirty-four years old. He lives in a small village, in the district of Telavi with his family; his parents, brother and sister-in-law. The family runs an agricultural business, in particular dealing with livestock. Beka has his own car and along with the agriculture he is busy with transportation. He provides a goods transportation services to the local population and gets service fees. The total average monthly income of the family is 1,200 Lari.
Beka requested a loan to purchase calves. He wants to raise them and sell then locally after several months. Grown calves will be sold with a price mark-up. The family will get additional income. With the increased income he will be able to expand his agricultural business; he plans to purchase calves and to make a good and big cattle-shed. Due to the above mentioned, the living conditions of the family will be improved.
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.