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Levan
Levan is a 62-year-old farmer from the village of Babaneuri, Kakheti Region, East Georgia. He lives alone. His source of income is an agricultural business. In particular, he has two milk cows and three calves. Levan produces cheese and sells it to local retailers.

Also, he has two hectares of land where he grows maize. Levan sells the maize in the local market. His total average monthly income is 800 Laris.

Levan requested a loan for purchasing calves. He will grow the calves and when they start milking, he will be able to produce more cheese. This will increase Levan’s income, which he will use for improving his 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
  • 94
    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 $1,450 helped Levan to purchase calves for expansion of his dairy farm.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 14, 2011
Listed
Dec 1, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012