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Otar
Otar is 59 years old. He is from the village of Bashi, West Georgia, where he lives with his wife Mzia. He works as a repairman, fixing car and tractor motors in a small workshop at his home. Otar is also actively involved in his family's agriculture business: they have three milk cows and they produce and sell an average of 50 kg of cheese per month. They also have 1.25 hectares of land, where they grow maize, cucumbers, tomatoes, and watermelons to sell to local retailers. The family's total average monthly income is 700 Laris.

Otar has requested a loan to purchase a mini-bus so he can take his products to nearby towns and villages and sell them for higher prices. According to Otar’s calculations, he will earn a much higher profit this way, even taking into account the transportation costs. With their increased income, the family will improve their 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
  • 89
    View loans »
    Georgia Loans Fundraising
  • $7,692,575
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Otar to purchase a mini-bus for transporting green grocery products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 9, 2011
Listed
Dec 5, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012