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Teimuraz
Teimuraz M. is 53 years old. He lives in the village of Pshaveli, Kakheti Region. Teimuraz is married and lives with his wife, Leila, his mother, his 28-year-old son, his daughter-in-law and two grandchildren – a 7-year-old boy and a 5-year-old girl. The children go to school.

Sheep-breeding is the main source of income for the family. Teimuraz sells sheep's milk cheese, wool, and lambs. Also, the family has agricultural land with an area of 3 ha, where maize is grown. Along with the above-mentioned, Teimuraz in involved in another family business; they sell flour locally. The total monthly income of the M.’s family amounts to 1200 Laris.

Teimuraz requested a loan from Credo for plowing the land where maize will be sown. The other part of the loan will be used for purchasing feed for sheep. The increase in income will contribute indirectly to the further expansion of their sheep-breeding business – earned income will be used to cover family daily expenses and Teimuraz won’t have to sell the lambs. This will expand the herd of sheep and thus the income received from sales of sheep cheese and wool will increase.

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
  • 94
    View loans »
    Georgia Loans Fundraising
  • $7,289,900
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,825 helped Teimuraz to purchase fuel for land cultivation and feed for sheep.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 6, 2011
Listed
Apr 20, 2011
Currency Exchange Loss:
Possible
Ended:
May 15, 2012