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Tengiz
Tengiz is a farmer from the village Dimi, Imereti Region, West Georgia. He is 59 years old and lives with his wife, Rusudan.

Tengiz is retired; he is in good health and leads the agricultural business of the family, which is the main source of the income for them. Tengiz and Rusudan have 2 milking cows. Rusudan produces, on average, 40 kg traditional Georgian cheese. She sells it at the local market. Also, the family has 3 calves. Along with the above mentioned, they own a vineyard with 2000 vine plants. Tengiz produces wine and sells it at the local market.

Tengiz has requested credit for purchasing one more milk cow and expansion of the vineyard. He will plant additional vines and produce more grapes. As a result of credit, the income of the family will increase and they will be able to sell more cheese and wine.

Tengiz plans to reinvest part of the increased income into the same businesses. The other part of the loan will be used for purchasing new household goods to improve family's 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
  • 73
    View loans »
    Georgia Loans Fundraising
  • $7,714,400
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,825 helped Tengiz to purchase a milk cow and materials for vineyard expansion.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 8, 2011
Listed
Sep 15, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012