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Teimuraz
Teimuraz is a 31-year-old farmer from the village of Mukhrani. He lives with his wife, Gvantsa, two sons (6 and 7 years old) and his parents. Both of the children go to school.

Teimuraz is busy trading – he buys cement in Kaspi or Gori (nearby towns) and sells it in his village. Also he has two milk cows. He uses the milk for cheese production. The cheese is sold locally. Also, the family owns a greenhouse where tomatoes and tomato seedlings are grown. He sells the vegetables in his village at the open market and the seedlings are sold in the next village.

With the requested loan, Teimuraz plans to purchase glass for the greenhouse, as some of the old panes are damaged and need to be replaced. After the renovation, the required temperature will be maintained in the greenhouse and more, better quality tomatoes will be grown. It will positively affect the income of the family.

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
  • 36
    View loans »
    Georgia Loans Fundraising
  • $7,802,825
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Teimuraz to purchase glass for greenhouse renovations.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 13, 2011
Listed
May 21, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012