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Levon
Levon is from the village of Shaumiani, East Georgia. He is 51 years old. Levon is married and lives with his family: wife Violeta, 22-year-old daughter, and 20-year-old son. Levon is the only income provider in the family. He owns a poultry farm with 1600 chickens. Levon raises chickens and sells hens at the local market. The average monthly income of the family is 1500 GEL.

Levon has more capacity (space and cages) on the farm which aren’t utilized at the moment. He requested credit to purchase additional chickens. He will raise more chickens and sell more hens, which will increase the income of the family. Levon plans to use the increased income for financing the high-school education of his son.

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
  • 38
    View loans »
    Georgia Loans Fundraising
  • $7,807,625
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,800 helped Levon to purchase chickens.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 7, 2011
Listed
Oct 8, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2012