Teimuraz G. lives in the village of Dzalisi, Kartli region. He is 54 years old and lives with his wife, Tsisana. Teimuraz and Tsisana are actively involved in agricultural activities. They have three milk cows and sell dairy products locally. Also, Teimuraz has a shop of construction materials. The main product sold in the shop is cement. The total income of the family is 800 laris per month.
With one part of the requested loan, Teimuraz plans to cultivate a plot of land and sow maize. The harvested corn will be sold locally. With the other part of the credit, Teimuraz will increase stock-in-trade in his shop. It will ensure flow of additional customers to the shop. In the future, Teimuraz plans to make some savings and invest in the further development of the dairy farm.
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.