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Giorgi
Giorgi M. lives in the village of Kurdghelauri, Kakheti Region, with his family - his wife, parents and two children: a seven-year-old daughter and a six-month-old son. Giorgi’s wife is a housewife and his parents are pensioners.

Giorgi’s family has 8 milch cows. Alex – Giorgi’s father is actively involved in the family’s farming activities. Cheese and "matsoni" (Georgian yogurt) produced by the family are sold on the open market in Telavi, a nearby town. Giorgi is a handyman and works on the renovation of houses.

With the requested loan Giorgi’s family plans to purchase calves, raise them and sell the raised animals after 6-7 months for a higher price. With the gained profit, Giorgi plans to renovate his own house to improve living conditions for the family.

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
  • 70
    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 $1,775 helped Giorgi to purchase calves.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2011
Listed
Mar 23, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012