David is 30 years old; he lives in a small village with his family: his wife, parents, brother and sister-in-law. The family earns their living through agricultural business. David has several beehives with bee colonies. He makes ecologically clean honey and sells on the local open market. Total average monthly income of the family is 1200 Lari.
David requested a loan to buy five beehives with bee colonies. Also, he plans to buy 1 hectare of land where he hopes to grow vegetables and fruits. As a result of the above-mentioned investment, the income of the family will increase. He will use the big portion of his increased income for reinvesting in agricultural business - buying more bee-hives. Also, as a result of the increased income, the family 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.