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Rezo
Rezo is from the village Oshora, in the southern part of the country. He is 51 years old, married, and lives with his wife, Zhuzhuna, three sons (26, 24 and 22 years old), a daughter-in-law and a one year-old grandson. All three sons of Rezo serve in the country’s army. Rezo is leading the agricultural business of the family. They own a dairy farm with 5 milk cows. He produces various dairy products (cheese, yogurt, cottage cheese) and sells them in Batumi (nearby town). His total average monthly profit from the farm is 300 Laris.

Rezo requested credit for purchasing an additional milk cow. He will produce and sell more dairy products and increase the profit. The family will use increased income for further development of the family dairy farm.

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
  • 77
    View loans »
    Georgia Loans Fundraising
  • $6,859,275
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Rezo to purchase a milk cow.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 3, 2011
Listed
Dec 2, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2012