Nana is 40 years old and lives in the small village of Sagarejo District with her husband, mother-in-law and two children, who are 6 and 8 years old and attend a local school. Her mother-in-law is a pensioner and her husband is a musician who plays drums for local parties and similar events. Nana earns a living by caring for two milk cows, whose output allows her to make cheese every day for sale in the local market. The family's total average monthly income is 900 Lari. Nana and and her husband work hard but are unable to earn enough money to set aside savings to buy household goods they need or to renovate their house.
Nana has requested a loan to buy a new milk cow. With three cows, she will be able to produce and sell more dairy products, such as cheese, curds and yogurt. She will use her increased income to repair her house, which is old and uncomfortable. This will allow her family to rest comfortably after finishing a hard day's work.
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.