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Mamia
K. Mamia lives in the village of Vedidkari, Martvili District. He has a greenhouse where he grows red and black roses. At the moment he has 2,700 rosebushes. Each bush bears on average 2-3 roses. He sells them to retailers.

Mamia started this business eight years ago. The greenhouse is already old and needs renovation. The requested amount will be used to replace damaged glass and plastic. This will allow him to maintain the required temperature in the greenhouse. It will positively influence the quality of the flowers and thus their price as well.

Mamia hopes that his income will increase. He plans to reinvest in the greenhouse. Also, he wants to renovate his house.

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
  • 84
    View loans »
    Georgia Loans Fundraising
  • $7,568,975
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Mamia to purchase glass and plastic for greenhouse renovation.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 31, 2011
Listed
Apr 15, 2011
Currency Exchange Loss:
Possible
Ended:
May 15, 2012