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Nodar
Nodar M. is 60 years old and lives with his wife in the village of Martkopi, Gardabani district. The family has four milk cows and sells milk locally. Along with agriculture, Nodar has a tanker (truck) and works as a contractor for a local private company – he performs transportation of gasoline with his tanker.

With the requested credit, Nodar plans to renovate his tanker in such a way that he will be able to transport two types of fuel (gasoline and diesel) simultaneously, i.e., split the cistern into two parts. That will allow him to take more orders from other companies and individuals as well and will significantly increase his income.

He plans to put aside some savings to use for further development of the family's dairy farm.

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
  • 72
    View loans »
    Georgia Loans Fundraising
  • $6,854,275
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Nodar to pay for renovation of his tanker.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 8, 2011
Listed
Apr 14, 2011
Currency Exchange Loss:
Possible
Ended:
May 15, 2012