Lili is 58 years old; she lives in a small village with her family: her two daughters and grandson. She runs an agricultural business; in particular she is busy with farming. She has 0.5 hectare of land where she grows 200 vine trees and nuts. She sells the harvested products at the local open market. The total average monthly income of the family is 450 Lari.
Lili requested a loan to purchase calves. She will be able to produce more dairy products and sell them in nearby villages. Thus, she wants to expand her business in order to make the desired profit. With the increased amount of profit, she will be able to reinvest in the family agricultural business. Due to the above mentioned, the family’s living conditions will be improved.
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.