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Leo
Leo is 57 years old and lives in the village of Dimi, Imereti Region. He lives with his wife Darejan, their son, daughter-in-law and 3-year-old granddaughter Lizi.

The main source of income for the family comes from agricultural activities. In particular, they have a milk cow and a calf. Their cheese is sold on the local market. Also the family owns a vineyard with 1000 grape vines. Leo produces wine and sells it in the village. Along with the above-mentioned, Leo and Darejan own a grocery store in the village.

With the requested credit the family plans to increase stock in trade in the store. This will increase the competitiveness of the store and attract more customers. The income of the family will increase and it will allow them to improve their living conditions.

In the future the Grdzelidzes plan to invest more in the store and expand it.

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
  • 42
    View loans »
    Georgia Loans Fundraising
  • $7,020,400
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Leo to pay for stock in trade for the grocery store.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 2, 2011
Listed
May 12, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012