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Martiros
Martiros is from the village of Gorelovka, Ninotsminda District. He is 33 years old and lives in the village with his wife Anaida and three children: two daughters (8 and 5 years old) and a 2-year-old son. Martiros works as a herdsman on the village farm. Anaida works as a milkmaid on the same farm. Along with their job, the family also runs a small dairy farm. They have two milk cows and sell milk to the village farm. The total average monthly income of the family is 800 Laris.

Martiros requests a loan to expand the family's agro-business. In particular, he will buy six piglets and food for them. After the piglets are grown, in four or five months, they will be sold at a higher price. The additional profits earned by the family will help them to improve their living conditions.

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
  • 44
    View loans »
    Georgia Loans Fundraising
  • $7,799,500
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Martiros to purchase six piglets and pig feed.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 12, 2011
Listed
Aug 5, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 16, 2011