Anzor is 43 years old. He lives in the small village of Kobuleti District with his family: his wife – Tamar, his parents and three children (11, 16 and 18 years old). The younger children study in the local school and the elder daughter helps the family with agricultural activities. His wife is a hospital nurse and gets a salary; his parents are pensioners and are involved in the family agricultural business. The family owns a greenhouse where vegetables and fruits are grown. Harvested products are sold to retailers on the local open market. Along with the above-mentioned Anzor is busy with bee-keeping. He has bee-hives with bee-colonies and harvests honey twice a year. Anzor sells the harvested honey on the local open market. The total average monthly income of the family is 1000 Lari.
Anzor requested a loan to start up a poultry farm. He will purchase chickens and raise them. They will be sold with a price mark-up after several months. Also part of the credit will be used for installation of irrigation system in the greenhouse. When the system is in place, the harvest of the family will increase and they will be able to get more income from sales. Also Anzor will get additional income from the new business initiative. Anzor will use the increased income for financing the high school education of his children.
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.