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Nargiz is a 36-year-old farmer from the village of Kotelia, Akhalkalaki District. Nargiz is married and lives with her husband and three children: a 16-year-old son and 13- and 7-year-old daughters. Both of her daughters have health problems and receive pensions for persons with disabilities from the government.

Nargiz and his husband Zurab have four milk cows. They sell milk to the milk collection center in the same village. Also they have 4.5 ha of land. 0.6 ha is used for growing potatoes and 1.0 ha is used for growing wheat. Part of the harvested vegetables is sold locally and the bigger part is sold in Tbilisi, the capital city of the country.

Approximately 50% of the requested loan will be used to purchase fertilizers. With the remaining 50%, she will purchase diesel for the tractor to till the land.

According to Nargiz and Zurab’s estimations, after fertilization they will have a better crop, which will be sold for a good price. The received income will be used for treatment for their daughters.

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
  • 37
    View loans »
    Georgia Loans Fundraising
  • $7,812,050
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Nargiz to pay for fertilizers and diesel fuel.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
May 16, 2011
May 22, 2011
Currency Exchange Loss:
Oct 15, 2012