Funded

Total loan: $750
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Nugzar

Georgia
Chaisubani, Georgia / Agriculture

A loan of $750 helped to buy beehives with bee colonies.


Nugzar's story

Nugzar is 38 years old. He lives in the small village of Kobuleti with his wife, Mzia, and three children (ages 11, 14 and 17). The younger children go to school and the elder one helps his parents in the family business.

Nugzar and his wife earn their living through an agricultural business. They have a milk cow, two calves and beehives with bee colonies. They produce cheese and ecologically clean honey. Nugzar harvests honey twice and year and sells it at the local market.

Nugzar has requested a loan to purchase beehives with bee colonies. This will enable him to produce more honey and increase his sales. As a result of the above-mentioned investment, the income of the family will increase.

Also, Nugzar and Mzia will use a small part of the credit to renovate part of their house in order to improve the living conditions of the family.



Loan details

Loan length:

12 months
Disbursed date: May 24, 2012
Facilitated by Field Partner: LLC Micro Finance Organization Credo

Lenders and lending teams



Loan details

Loan length:

12 months
Disbursed date: May 24, 2012
Facilitated by Field Partner: LLC Micro Finance Organization Credo