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Arkadi
Arkadi is a 28-year-old farmer from village Poga, Ninotsminda District. He lives with his wife Nozeli, their two sons (9 and 7 years old) and his parents. The children go to school and the rest of the family makes a living working in agriculture. In particular, they have a dairy farm with six cows and two calves and sell approximately 150 kg cheese per month. Along with the dairy, they have a pig farm with six pigs. Piglets are sold seasonally.

Also in late spring and summer, Arkadi is busy with fishing. He fishes in lakes which are located nearby and sells approximately 100 kg of fish per month. All products are sold in Ninotsminda and Akhalkalaki, towns in the district. Arkadi doesn’t own a car and has to rent one for transportation of products. Renting the car is quite expensive and not cost-efficient.

With the requested credit Arkadi will purchase a car. He won’t have to rent one anymore and his expenses for transportation will decrease, thus the profit will grow. With the increased income family, their living conditions will improve.

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
  • 106
    View loans »
    Georgia Loans Fundraising
  • $7,355,875
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Arkadi to purchase a car for transportation of agricultural products and fish.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 15, 2011
Listed
Jun 21, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011