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Magamed
Magamed is a farmer from the village of Nakhiduri, East Georgia. He is 53 years old, married,and lives with his family in the village: his wife, Melukhsa, his 30-year-old son, and a daughter-in-law. The main source of the income for the family is potato growing. They grow potatoes on family-owned 0.5 hectares of land. Magamed sells harvested potatoes in the village. Total average monthly income of the family is 800 Laris.

Magamed requested credit for purchasing potato seeds. High quality seeds will be the prerequisite of good income in spring. Also Magamed hopes that the weather conditions will be favorable for potato growing this winter and he gets a good harvest, which will be sold for an appropriate price and the family will get more than planned in income. Magamed will use received profit for improving his family's 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
  • 93
    View loans »
    Georgia Loans Fundraising
  • $7,302,200
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Magamed to purchase potato seeds.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 4, 2011
Listed
Dec 1, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012