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Akaki
Akaki B. lives in the village of Mukhrani, Imereti Region. He is 55 years old, married and lives with his wife Fatima, 9-year-old son and 81-year-old father.

Akaki and Fatima are involved in family agricultural activities. They have three greenhouses with a total area of 900 sq meters. In the period from November to April, greens are grown in the greenhouses.They are sold locally to the wholesalers. In the period from June to September, the greenhouse is used for growing tomatoes. The harvested tomatoes are sold in Kutaisi Market. Also, the family owns 1000 sq meters of agricultural land. They grow greens on this land to sell at the Kutaisi Market. In addition, the family owns two milk cows, one bull and one calf. Part of the milk products are used by the family and the other part is sold locally.

Akaki requested a loan for tilling the land. He will purchase diesel for the tractor and pay the owner of the tractor for the service. This year, Akaki plans to sow maize and watermelon on his plot of land. Akaki and Fatima hope that they will have a good harvest. The maize will be used for feeding the domestic animals and the watermelon will be sold at Kutaisi Market.

Akaki and Fatima plan to reinvest part of their profits in the further development of their agricultural farm. As for the rest – it will be used to improve the family’s 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

  • $6,100
    Average annual income
  • 87
    View loans »
    Georgia Loans Fundraising
  • $7,706,100
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Akaki to purchase diesel and pay the owner of the tractor.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 6, 2011
Listed
May 10, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2012