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Nodar is a young farmer from the village Dertseli, in the southern part of the country. He is 25 years old, married and lives with his wife, Nona, and 2 daughters (1 and 4 years old). The only source of the income for the family is agriculture. They have 6 milk cows and 7 calves. Nona produces cheese and they sell it on the local market. Also, the family grows potatoes on family-owned 1.25 hectares of land. The potatoes are sold on the local market as well.

Nodar decided to expand his existing dairy farm. He requested credit for purchasing 2 additional milk cows. Nona will be able to produce more cheese and the family income from cheese sales will increase. Nodar and Nona will be able to create better living conditions for the family, especially for the children.

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
  • 53
    View loans »
    Georgia Loans Fundraising
  • $8,096,850
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Nodar to purchase 2 milk cows.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 10, 2011
Dec 1, 2011
Currency Exchange Loss:
Dec 15, 2012