Margalita is 64 years old. She is a widow and lives with her 32-year-old daughter, Nino, in a small village in the Kakheti region.
Margalita’s main activity is trade and she sells agricultural products on the local open market. In addition to this, she sells seasonal clothing in nearby villages in winter. She's been active in the trade business for more than two years and has become well known and the number of her regular customers is increasing. Her daughter helps her in this business. Finally, Margalita is busy with agriculture as well. She has a small vineyard. The family’s total average monthly income is 700 Lari.
Margalita has requested a loan in order to purchase additional greengrocery products for resale. She will purchase them from neighbor farmers and re-sell on the open market of the nearby town. With this loan she will increase the turnover of her products. As a result, she expects her monthly income to increase accordingly, enabling her to improve the family’s 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.