Archil is 54 years old and lives in a small village in Kareli district. He is married and has a wife, Esma, and a son, Joni. Esma works at the local school as a teacher and earns a monthly salary. The family earns their living through an agricultural business. They have a plot of land where tomatoes, cabbage, garlic, strawberries and barley are grown. Archil has two cars and a farm tractor. The family members work hard but they still don’t have enough income to save money to improve their living conditions.
Archil has requested a loan to purchase and legalize the ownership of the plot of land. This is essential for Archil so he can continue developing his business and have a stable income, which will help him to ensure a prosperous life for his family. He will reinvest the additional earnings to expand their agricultural enterprise to make it more profitable, thereby improving their 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.