Roza is 52 years old. She lives in a small village with her family, her husband Valeri and her 26-year-old son. Valeri and his son are construction workers and they work in their and nearby villages. The family runs an agricultural business. It is mainly managed by Roza. In particular they have a milking cow and 2 calves and pigs. Roza is a very hard working woman. She keeps the livestock in good condition and takes good care of them. She is busy with farming also. She has 0.5 hectare of land where she grows 300 vine trees and nuts. She sells harvested products on the local open market. The total average monthly income of the family is 550 Lari.
Roza requested a loan for purchasing building materials. She wants to make a wine cellar. The family will be able to produce and keep wine in the new cellar. Thus, with the loan the family will expand the family business in order to make a desired profit. Roza will sell the produced wine on the local open market. With the increased amount of profit she will be able to reinvest in the family agricultural business. Due to the above, the family’s living conditions 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.