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Teimuraz
Teimuraz comes from the village of Sagholasheni, Kareli District. He is 47 years old and lives with his wife, Inga, 20 year-old daughter and 18 year-old son. The son and daughter are in school. Teimuraz and Inga earn a living through farming activities. They cultivate a family-owned 1.5 hectare plot of land. They grow tomatoes, cabbage, carrots, onions, haricot beans and strawberries. Harvested vegetables and berries are sold locally in the village to the green grocery retailers, as well as to the local population.

This is the high season in farming. Teimuraz requested a loan for purchasing fertilizers and insecticides as well as for paying workers who help the family fertilize and treat vegetables with different parasites. The family will get a better harvest and a good income from sales. Teimuraz and Inga plan to use part of the income for the children’s education and the other part for covering the family’s daily expenses.

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
  • 93
    View loans »
    Georgia Loans Fundraising
  • $7,569,575
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Teimuraz to purchase fertilizers and insecticides and to pay workers.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 9, 2011
Listed
Jul 5, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2012