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Vazha
Vazha is from the village Vashlovani, East Georgia. He is 50 years old and lives with his family: his wife, Makvala, and 22-year-old son. All the family members are involved in agriculture. They have 2 milk cows and produce cheese which is sold in Tbilisi (the capital city of the country). Along with the dairy farm, Vazha trades calves. He purchases calves, raises them and then sells them at a higher price. The total average monthly income of the family is 800 Laris. Vazha requested credit to purchase additional calves. He will sell them in spring. It will bring additional income to the family which will be used to further expand the family’s dairy farm.

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
  • 52
    View loans »
    Georgia Loans Fundraising
  • $6,847,800
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Vazha to purchase calves for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 11, 2011
Listed
Dec 1, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012