David is a 50-year-old farmer from Kutaisi District. He lives with his wife and two children (8 and 15 years old). The children go to the local school. David’s wife works at the local bakery and gets a small monthly salary. The family owns a calf and a milk cow, whose milk is used for cheese production. The cheese is sold on the local market. Also, the family owns a vineyard; they seasonally sell grapes and wine. Along with the above-mentioned income sources, David grows maize on the family-owned agricultural land. He also locally works as an artisan and gets a small monthly income.
The loan will be used to purchase an additional milk cow. When the family has two cows, David will produce and sell more cheese. That will increase the income of the family. For the future, David plans to invest more in his dairy farm and increase the number of his cows. Another part of the loan will be used for purchasing piglets. He will place the piglets in a shed located in their yard, raise them, and after several months, the pigs will be able to produce piglets. This will increase the family's animal husbandry business and their income, as well. With the increased income, David will improve 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.