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Malkhaz is from the village Kveda Sakara, Zestaponi district. He is 49 years old and lives with his big family: wife Mary, two sons (24 and 21 years old), daughter-in-law and 2 twin granddaughter twin, 2 years old.

Malkhaz works as a shepherd in the village. His elder son works as a driver and the younger one works in a security service company. Along with their jobs, all family members are involved in family agricultural activities. In particular, they have 3 milk cows, 2 calves and 3 sheep. Mary produces approximately 60 kg of cheese per month and sells it at the Zestaponi open market. Along with the dairy farm, the family owns 0.8 hectare of land where fruits and vegetables are grown. Harvested products are sold in the same place, the Zestaponi open market. Total average monthly income of the family is 900 laris.

Malkhaz requested credit to purchase 1 milk cow and 5-6 sheep. After the purchase of additional domestic animals, they will be able to increase cheese production and sell on average 30-35% more cheese in the market. It will positively impact the income of the family. Malkaz and Mary plan to use the increase in income for purchasing additional household goods in order to improve family members’ 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
  • 37
    View loans »
    Georgia Loans Fundraising
  • $8,073,000
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,525 helped Malkhaz to purchase a milk cow and 5-6 sheep.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 10, 2011
Aug 17, 2011
Currency Exchange Loss:
Oct 15, 2011