Vazha is 61 years old. He lives in a small village in Telavi district with his wife and father. All three are pensioners. They run an agricultural business. They have pigs and a plot of land where various vegetables are grown: cucumbers, tomatoes, potatoes, cabbage, carrots, and beets.
Vazha sells the agricultural products using his own car in nearby villages. The total average monthly income of the family is 600 Lari.
Vazha requested a loan in order to purchase greengrocery products for resale. He will purchase them from neighboring farmers and resell them on the open market in the nearby town.
With this loan, he will increase the turnover of his products. As a result, he expects his monthly income to increase accordingly, enabling him to improve the family’s 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.