EthicCapital
Credit Union


Projects 2014

April, 2014

Supporting an Organic Winery

Since 2012 EthicCapital has supported an organic winegrower who is known for one of the best organic wines in Georgia. According to the old tradition, he produces his wine exclusively in big clay amphoras, the so called “quvevris”. His establishment “Iago's Wine” is often and very successfully represented at different international wine fairs and tastings.

With the credit by EthicCapital the winegrower will buy additional acreage for his wine.

May, 2014

Credit for Small Enterprise

EthicCapital sets a high value on supporting small enterprises. Our borrower can expand his production of flavouring salt with the credit. The recipe for the flavouring salt is a strictly kept family secret that has been passed on from one generation to the next. The used herbs are collected in the high mountains of Georgia and are ecologically pure and healthy.

We wish great success!

April, 2014

Supporting Education Abroad

One of our members' greatest desires was to get educated and to collect professional experience in Europe. EthicCapital helps him by a letter of recommendation, by the mobilization of many friends and partners as well as by a credit to make his dream come true.

Thanks to the support by the credit union the young man will attend “Das Freie Jugendseminar” in Stuttgart, Germany.

April, 2014

Credit to Cover the Costs of Academic Studies

EthicCapital gladly supports another young person so that he can obtain a higher education and thereby will be enabled to make his worthy contribution to the society. Although still young, our new member is already one of the founders of a charitable organization which works in the field of awareness raising.

The credit by EthicCapital allows him to do master studies in the field of international relations.

We wish great success!

April, 2014

Credit for Regional Development

Our new young borrower will open a small souvenir shop in Svaneti with the help of our financial support. The numerous tourists visiting Svaneti with its wonderful landscape will be offered traditional handmade souvenirs such as felt and wood items as well as embroideries and woven goods.

We are happy to support active entrepreneurial young people in rural areas who are the basis for solid economic growth.

We wish great success!

March, 2014

Credit for Regional Development

In 2012 a credit by our credit union gave our member the possibility to install a wood-powered bread baking oven in the mountain town of Mestia. The baker has had great success and now there is need to expand his little business.

Our credit union is glad to help and hopes that this example will encourage other people to take the initiative and build up their own business.

February, 2014

Credit to Cover the Costs of Academic Studies

EthicCapital regards the credits which are used for young people's education as a reasonable investment in the future of the country. That is why the credit union has supported several members in this intention.

With the credit by EthicCapital our member will finance his daughter's academic studies.

December, 2014

Credit to Cover the Costs of Academic Studies

Once more a credit by EthicCapital will support education: Our member will pay the tuition fee for his younger sister with it.

We wish every success!

December, 2014

Credit for Small Entrepreneur

Those who watch our work already know about our new partner “Kiva“. Money was raised with their support and is now passed on to our member as a favourably priced credit. In addition to herb salt, the borrower will start producing “ajika“ (Georgian chili sauce), which will increase his income and support the development of the small enterprise.

October, 2014

Credit for Small Entrepreneur

A family entrepreneur supporting EthicCapital has been successful in Eastern Georgia in the village of Sione for several years. Various goods brought from the city are sold in the little grocery store. A credit by our credit union helps to install a small bakery, so that fresh bakery products will be sold on site in the shop.

October, 2014

Credit for Small Entrepreneur

Our borrower runs a small animal husbandry in Tsalka region. The credit will help him to add six calves to his farm.

October, 2014

Credit for Education

In the countryside many people live on agriculture. When a family wants to send their two adolescents to university, it is not easy to bear the study costs without help. We are glad to support our member from a border village in the conflict region in Eastern Georgia in this issue.

August, 2014

Social Credit

Our borrower has four children and works at Georgian army's border patrol in Svaneti. He will buy a house for his family in Svaneti.

July, 2014

Credit for Small Entrepreneur

Personal initiative and self-reliance are important means to overcome poverty. A member of the credit union will establish a small family hotel in Tsalenjicha, Western Georgia with our financial support.

July, 2014

Credit for Small Entrepreneur

A member of our credit union will renovate his greenhouse with the credit. His flowers must compete with those imported from far away.

July, 2014

Social Credit

A member of our credit union was injured in a car crash. With a favourably priced credit by EthicCapital the young woman will receive medical treatment and have an independent life again.

© EthicCapital 2015