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Koba
Koba is from the village of Kondoli in the Kakheti Region. This region is famous in the country for its well-developed agriculture and wine-making.

Koba is 37 years old, married and lives with his wife Inga and 4 children: 3 daughters (15, 12 and 9 years old) and a 3-year-old son. Inga is a housewife.
Koba is the provider of income for the family. He owns a small metal-plastic shop where he produces doors and windows. His clients are villagers living in his and nearby villages. Along with his main job, Kobs also leads the agricultural business for the family. In particular, they have 2 milk cows and 3 calves. Koba and Inga produce cheese and sell it at local market. They also have 2 pigs and sell on average 20 piglets per year. The total average monthly income for the family is 500 Laris (approximately 300 USD).

Koba requested credit to finance his new business venture. In particular, he plans to purchase grapes for wine production. Koba will sell the produced wine locally in the village. This will give additional income to the family. They will use it to purchase household goods to improve their 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
  • 78
    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 $625 helped Koba buy grapes for wine making.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 7, 2011
Listed
Nov 4, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012