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Marine
Marine is 52 years old. She lives in the village of Chkhari, West Georgia. Marine is married and lives with her husband Zurab, two adult sons (28 and 25 years old), her daughter-in-law and 4-year-old granddaughter.

Marine heads up the agricultural activities of the family. They have three cows and sell on average 60 kg of cheese per month on the local open market. Also they have 0.75 hectares of land, where maize and grapes are grown. Harvested maize is used in the farm for feeding the cows; grapes, harvested from 1000 grape vines are sold locally. Marine’s sons assist her in the farm. Zurab has a truck and provides transportation services to the local population and businesses. He earns approximately 500 Laris per month. Total average monthly income of the family is 1300 Laris.

With the requested credit Marine’s family will purchase a mini-bus. It will be equipped with liquid gas tanks and used as mobile gas station – filling the empty gas tanks of the villagers in the district. The new business initiative will be led by Marine’s sons. It will significantly increase the income of the family. Increased income will allow 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

  • $4,600
    Average annual income
  • 55
    View loans »
    Georgia Loans Fundraising
  • $7,148,425
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,825 helped Marine to purchase a minibus for their business selling liquid gas from tanks.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 5, 2011
Listed
Aug 12, 2011
Currency Exchange Loss:
Possible
Ended:
May 15, 2012