Funded

Total loan: $1,850
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Archil


A loan of $1,850 helped to purchase agricultural land.


Archil's story

Archil is 54 years old and lives in a small village in Kareli district. He is married and has a wife, Esma, and a son, Joni. Esma works at the local school as a teacher and earns a monthly salary. The family earns their living through an agricultural business. They have a plot of land where tomatoes, cabbage, garlic, strawberries and barley are grown. Archil has two cars and a farm tractor. The family members work hard but they still don’t have enough income to save money to improve their living conditions.

Archil has requested a loan to purchase and legalize the ownership of the plot of land. This is essential for Archil so he can continue developing his business and have a stable income, which will help him to ensure a prosperous life for his family. He will reinvest the additional earnings to expand their agricultural enterprise to make it more profitable, thereby improving their living conditions.



Loan details

Loan length:

9 months
Disbursed date: July 23, 2012
Facilitated by Field Partner: LLC Micro Finance Organization Credo

Lenders and lending teams



Loan details

Loan length:

9 months
Disbursed date: July 23, 2012
Facilitated by Field Partner: LLC Micro Finance Organization Credo