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Koba comes from Vale, Samtskhe-Javakheti Region, in the southern part of Georgia. He is 36 years old, married and lives with his wife Ketevan, their 9- year-old son and 1-year-old daughter. Koba’s wife is a teacher in a local school. Koba is the head of the farming activities of the family, which is the main source of income for the family. Koba grows potatoes and cabbage on a family-owned plot. He takes the harvested vegetables to Tbilisi (capital city of the country) with his own minibus and sells them on the Tbilisi open market. The total average monthly income from sales amounts to 1000 Laris per month.

With the requested credit, Koba plans to cover the costs of plot irrigation. He will pay the watering machine for this service. Unless he waters the plot, he won’t get a quality harvest and thus the planned income from the sales. Also, small part of the loan will be used for purchasing fertilizers for the plot. After fertilizing, the quality of the harvest will become even better and it will be sold for a better price.

Profit received will be used for covering family daily expenses – purchasing quality food and household goods for family members.

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
  • $8,073,000
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Koba to pay for watering of agricultural plot and fertilizers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 17, 2011
Jun 24, 2011
Currency Exchange Loss:
Sep 15, 2011