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Merab
Merab is from the village Zenakidzeebi, West Georgia. He is 48 years old, married and lives with his family: his wife, Maya, his 72-year-old father and his 3 daughters (23, 21 and 16 years old). The youngest daughter goes to school, the middle one is a student and the eldest daughter helps her parents on the family farm.

The main source of income for this 6-person family is farming. The family owns 0.3 hectares of land, where they grow fruits and vegetables. Merab sells the harvested vegetables and fruits to greengrocery retailers. Along with the agriculture, Merab works as a driver in a local company, earning a salary. The family's total average monthly income is 700 GEL, including Merab’s father's pension.

Merab has requested a loan to purchase materials for greenhouse construction. He will buy wooden materials and polyethylene and construct a greenhouse. When the family will have the greenhouse, they will be able to grow cucumbers and tomatoes in the winter and spring months and sell them to their partner retailers. The family's income will increase. Merab and Maya plan to use the anticipated profits to improve the 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

  • $4,600
    Average annual income
  • 39
    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 $925 helped Merab to purchase materials for greenhouse construction.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 10, 2011
Listed
Nov 19, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012