Elene is 36 years old. She is married and lives in a small village in the Kaspi District with her family: husband George and their three children who are 6, 10, and 12 years old. All three children study in the village school. Elene and George are busy with their agricultural business. They have four milking cows, three calves, and a pig. They produce cheese and curds and sell them in Tbilisi (the Capital of Georgia). They sell calves and piglets as well in nearby villages.
Elene has requested a loan to purchase food for the cattle; Elene and George will use this food to feed their cattle during the fall and winter seasons. Hay is cheap now, but the price increases by 30-40% during the fall months. This will allow Elene to save significantly on the cost of feeding the cows. Since the cows will be fed properly through the winter, they will give a planned amount of milk to the family. The calves will also be fed properly and the grown calves will be able to be sold for a good price. This will increase the family's income. With the increased income, they will be able to reinvest in the family agricultural business in order to expand it and make more profitable. As a result, the living conditions of the family will improve.
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.