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Vladimer
Vladimer is from the village Abastumani, South Georgia. Abastumani is famous throughout the country as a mountain resort and it is full of tourists during most of the year.

Vladimer is 44 years old. He lives with his family – his wife, Nina, their 19-year-old son, their 18-year-old daughter and his mother, who is retired.

Vladimer works in the local bathhouse as a security person. His wife works in the same bathhouse as a cleaning lady. Their total monthly salary is 240 GEL.

Along with their jobs, they get additional income from renting a family-owned house. They rent it to the tourists.

Vladimer requested the credit for renovation of this house. After the renovation, he will be able to rent it for a higher price. Vladimer will use the increased income for financing the children’s education.

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
  • 42
    View loans »
    Georgia Loans Fundraising
  • $7,020,400
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Vladimer to purchase materials to renovate his rental house.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 2, 2011
Listed
Sep 8, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012