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Davit
Davit is from the village Vachnadziani, Kakheti Region, East Georgia. He is 37 years old, married and lives with his family: wife – Tea, two daughters (16 and 9 years old) and 62-year-old mother. Both children go to school.

Davit is the only income provider in the family. He is leading the agricultural business of the family. They grow strawberries and peaches on a family-owned 0.5 hectare plot of the land. Fruits are sold by Davit. Along with the farming activities, Davit is busy with trade as well. He has a minibus and uses it for transportation and sales of greengroceries. The total average monthly income of the family is 900 Laris (approximately 540 USD).

Davit requested credit to increase his stock in trade. He will purchase more greengrocery products for resale. With a wider assortment, he will attract new clients and increase revenue from sales. Davit plans to save the additional income for his elder daughter’s education as she is entering a high-school next year.

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
  • 90
    View loans »
    Georgia Loans Fundraising
  • $7,202,675
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,325 helped Davit to purchase fruit and vegetables for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 6, 2011
Listed
Oct 11, 2011
Currency Exchange Loss:
Possible
Ended:
May 15, 2012