Eter is 59 years old. She lives in a small village with her family: her husband, Otari, her three children (25, 29 and 35 years old) and two daughters-in-law. The whole family is involved in the family business. They earn a living through agricultural business. They have a one-hectare vineyard and work hard to get a good harvest. In the fall, they pick grapes and make natural and sweet wine. They sell the wine in nearby villages. In addition to the agricultural business, Eter is busy with trading. She has second hand clothes at home and sells them to the local population. She has been selling for almost two years and has a lot of customers. The total average monthly income of the family is 900 Lari.
Eter requested a loan for performing seasonal agricultural works in vineyard. She will purchase medicines against parasites to protect the trees and harvest. After properly done seasonal work, she will get more harvest and her sales will increase. Along with the above-mentioned, Eter will use the loan for purchasing additional second-hand clothes to increase the turnover. As a result of the above-mentioned investment, the income of the family will increase and they will be able to spend more on satisfying their daily needs 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.