Baadur is 41 years old and lives in the village of Vaka, Khashuri District with his wife, two sons, daughter-in-law and an infant grandchild. Baadur’s elder son works at the sugar factory and gets a monthly salary. Baadur earns a living growing vegetables. The family owns agricultural land with an area of 2 hectares, which is used for growing potatoes, haricot and maize. Harvested products are sold locally to wholesalers. Additionally, Baadur and his sons work as seasonal workers in local farmers’ fields.
Baadur requested from Credo an agricultural loan in the amount of 1,500 Laris. With this money he will purchase potato seeds. He hopes that he will have a good season and get the planned amount of harvest. The profit earned will be used for covering the family’s daily expenses.
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.