Shalva is a 66-year-old farmer from Kobuleti District, West Georgia. He is married. He purchases potatoes, cabbages and different kinds of vegetables from wholesalers once a week and sells them in the local market. This business gives the family approximately 300 Laris per month. Along with the above-mentioned income source, Shalva’s family has a milk cow. They produce cheese and sell it at the local market. In addition, they grow nuts and maize on the family-owned land and do all relevant agricultural work to ensure a good harvest.
With the requested loan, Shalva will purchase stocks of vegetables to expand his trading business and sell them for a profit. That will increase his profit. Shalva plans to reinvest part of the profit in the same business, and the rest will be used in the family.
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.