Iuri is 59 years old. He lives in a small village with his family: his wife, Marina, and a 17-year-old daughter. The family runs an agricultural business. In particular, Iuri and Marina have livestock; they produce cheese and sell on the local open market.
The family members are busy with farming also. They have 1 hectare of land where potatoes, corn and haricot (beans) are grown. Iuri is busy during the whole day; he works hard to earn income for their living. The total average monthly income of the family is 400 lari.
Iuri requested a loan for the family's agricultural business. With this loan he will be able to cultivate the family-owned land and sow potatoes. He and Marina will work hard, especially in spring and summer seasons, to get a good harvest. After selling potatoes, the family will get additional income, so he wants to expand his agricultural business. With an increased amount of profit, he will be able to reinvest in the family's agricultural business. 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.