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Datuni
Datuni I. is 57 years old. He lives in the village of Tsereteli, Marneuli District with his family – wife and son. Datuni works in local poultry factory. Datuni’s wife works as a cook and his 22-year-old son is a wrestler. Besides their main jobs, all family members are involved in family agricultural activities: They have two milch cows and dairy products are sold to local retailers. Also the family owns a plot of land where Lucerne (alfalfa) is grown, which is used for feeding their own cows. Total average monthly income of the family is up to GEL 850.

With the requested amount Datuni plans to renovate/launch a traditional Georgian bread bakery, which is located in the building of his house. The bakery isn’t functional at the moment. After the bakery is renovated and launched, Datuni will bake traditional Georgian bread and sell it in the nearby villages. It will increase the income of the family.

Datuni hopes that he will reinvest part of the bakery’s profit in the same business, to expand it. With the other part of the profit he wants to buy a car for family use.

Additional Information

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.

About Georgia

  • $4,600
    Average annual income
  • 61
    View loans »
    Georgia Loans Fundraising
  • $6,854,250
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Datuni to renovate a bread bakery.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2011
Listed
Mar 18, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012