Temur is 42 years old. He lives in a small village of Bolnisi District with his family: wife Lali and 19-year-old Kakhaber. The family earns their living through agricultural business. They have 4 milking cows and 2 calves. Lali milks cows twice a day and produces cheese. They also own 0.3 hectare of land, where they grow various vegetables: carrots, cabbage, beets and potatoes. They sell their cheese and harvested products on the local open market. Total average monthly income of the family is 400 Lari.
Temur requested a loan for purchasing calves. He wants to raise them and sell them locally after several months. Grown calves will be sold with a price mark-up. The family will get additional income. With increased income, he will be able to expand his agricultural business and 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.