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Bichiko
Bichiko comes from the village of Ganakhleba in the Dmanisi district. He is 40 years old, unmarried and lives with his father, 90-year-old Guram, who is retired. Agricultural activities, led by Bichiko, are the only source of income for the family. He works on the family-owned dairy farm with 5 milk cows and sells approximately 140 kg of cheese per month to local dairy product retailers. He also has a bee keeping farm with 30 hives and colonies. He sells the harvested honey in the village during the entire year. The family's average monthly income from farming activities is 500 GEL. Bichiko plans to use the requested loan to purchase 10 more beehives with bee colonies. The expansion of the bee keeping farm will allow Bichiko to sell more honey and get more income, thereby improving living conditions for his father and himself.

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
  • 73
    View loans »
    Georgia Loans Fundraising
  • $7,714,400
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,825 helped Bichiko to purchase 10 beehives with bee colonies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 17, 2011
Listed
Jul 5, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012