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Teimuraz
Teimuraz G. lives in the village of Dzalisi, Kartli region. He is 54 years old and lives with his wife, Tsisana. Teimuraz and Tsisana are actively involved in agricultural activities. They have three milk cows and sell dairy products locally. Also, Teimuraz has a shop of construction materials. The main product sold in the shop is cement. The total income of the family is 800 laris per month.

With one part of the requested loan, Teimuraz plans to cultivate a plot of land and sow maize. The harvested corn will be sold locally. With the other part of the credit, Teimuraz will increase stock-in-trade in his shop. It will ensure flow of additional customers to the shop. In the future, Teimuraz plans to make some savings and invest in the further development of the 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
  • 55
    View loans »
    Georgia Loans Fundraising
  • $7,155,125
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,825 helped Teimuraz to pay for a tractor for the cultivation of his land and to increase the stock-in-trade of his shop.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 18, 2011
Listed
Apr 21, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2012