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Afgan
Afgan O. is 25 years old. He lives in the village of Seidigodjalo, Marneuli district, with his mother. The only source of income for the family is agriculture. Afgan and his mother have a plot of the land where potatoes are grown. Also, they own greenhouses where cucumbers and tomatoes are grown. The products are sold locally. Total income for the family amounts to 1200 laris per month.

Afgan requested a loan from Credo, as he plans to purchase fertilizers for his greenhouse. After the land is fertilized, the family will get more and better quality vegetables and sell them for a more convenient price. With the increase in income, Afgan and his mother will renovate their house in order to improve their living conditions.

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
  • 95
    View loans »
    Georgia Loans Fundraising
  • $7,375,700
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Afgan to purchase fertilizers for vegetable growing.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 14, 2011
Listed
Apr 21, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2011