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Yuri
Yuri is from the village Kharjami, South Georgia. He is 49 years old, married and lives with his family: wife - Manana, 25-year-old son, daughter-in-law and mother (retired).

The main source of income for the family is agriculture. In particular, they have a dairy farm with 8 milk cows. The family members produce and sell, on average, 150 kg of cheese locally. They have a lot of experience in cheese production and their cheese is of a high quality. Also, Yuri grows potatoes, haricots and onions on a family-owned plot of land. Vegetables are sold locally to the greengrocery wholesalers. Total average income of the family is 650 GEL per month, including the pension of Yuri’s mother.

Yuri requested credit to purchase hay for feeding the cows during the winter period. Also, approximately 30% of the credit will be used for expansion of the cattle shed. In the near future, Yuri plans to increase the amount of cows on the farm, but the existing cattle shed doesn’t allow him to keep more than 8 cows. After expansion of the cattle shed he will be able to realize his business idea, which will be followed by the increase of the family income, as well as improving 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
  • 45
    View loans »
    Georgia Loans Fundraising
  • $7,020,400
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,825 helped Yuri to purchase feed for cows and construction materials for expansion of the cattle shed.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 5, 2011
Listed
Sep 9, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2012