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Davit
Davit is a 28-year-old farmer from village Pkhvenisi. Davit and his mother live in their house in the village. Davit’s mother is 72 years old and retired.

Davit has a milk cow whose milk is used for cheese production. Cheese is sold to the local retailer. Davit owns 4.7 ha of land. He grows approximately 12 tons of tomatoes and 14 tons of cabbage annually on this land. He has also planted 240 apple and 30 cherry trees. Vegetables and fruits are sold by Davit himself – he takes them with his own mini-bus to the nearby towns and sells there. With the requested credit Davit will till and cultivate 1.4 ha of land, where cabbage, tomatoes and maize will be grown. Part of the credit will be used for purchasing fertilizers.

Davit hopes that after proper tilling of the land he will get a good harvest, which will be sold at a good price. With the received income Davit plans to renovate their house. In the near future, Davit is going to get married.

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
  • 66
    View loans »
    Georgia Loans Fundraising
  • $6,854,250
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Davit to pay for tilling and cultivation of land and to purchase fertilizers.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 16, 2011
Listed
Jun 4, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011