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Teimuraz
Teimuraz is from the village of Gomi in West Georgia. He is 31 years old, married, and lives with his family: his wife, Lorita, his two-year-old daughter and his mother who is retired.

The family's main source of income is agriculture. They have three milk cows and make cheese, which is sold on the local market to local dairy products retailers. The family also owns two hectares of land where they grow maize, nuts and vines. Teimuraz sells the products he harvests on the local market. In addition, Teimuraz owns a tractor. Local farmers hire him to till their land which provides him with additional income. The total average monthly income of the family is 1,000 Laris.

Teimuraz has requested a loan to renovate the family home. It is old and in bad condition. After the renovation, the family will have better 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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Georgia

  • $4,600
    Average annual income
  • 96
    View loans »
    Georgia Loans Fundraising
  • $7,374,600
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Teimuraz to renovate his house.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 4, 2011
Listed
Dec 1, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012