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Nugzar
Nugzar D. lives in the village of Sajavakho, Martvili District. He is 48 years old. Nugzar lives with his mother, sister-in-law and his nephew.

Nugzar is a tinsmith by profession. He designs ovens, iron railings, and iron ladders. He sells the products locally as well as in nearby villages. Along with the above-mentioned, Nugzar helps other family members in their dairy farm and vegetable growing. His average monthly income is 600 Laris.

With the requested credit, Nugzar plans to purchase iron materials, which will be used to produce ovens and railings. Cost of goods sold per oven is approximately 125 Laris, while the selling price is 300 Laris. Nugzar plans to reinvest the profit in the same business and increase the inventory in his workshop.

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
  • 91
    View loans »
    Georgia Loans Fundraising
  • $7,374,600
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Nugzar to purchase metal materials for his workshop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 3, 2011
Listed
May 11, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2012