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Gela
Gela is from the village of Khizabavra, South Georgia. He is 23 years old and lives with his father, adult brother and two sisters. All family members are involved in the family farming business. In particular, they have three milk cows and produce approximately 60 kg of cheese per month. They sell it in Akhaltsikhe (nearby town). In addition, Gela grows potatoes on family-owned land and sells approximately two tons of potatoes in nearby villages. The total average monthly income of the family is 300 Laris.

Gela requested a loan from Credo to purchase a mini-bus. He will use it to transport his potatoes and cheese. At the moment, he doesn’t have a car and has to rent it to transport his products, which is quite expensive. When he has a mini-bus, he will significantly save the costs of transportation. On the other hand, he will also rent it to villagers as well, getting additional income.

Gela plans to reinvest the increase in income and expand the dairy farm.

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
  • $7,302,200
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Gela to purchase a mini-bus to transport his agricultural products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 15, 2011
Listed
Aug 5, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012