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Teimuraz
Teimuraz is 28 years old. He lives in the village of Bardubani (West Georgia) with his parents. Teimuraz works as a fitter in the village. He gets work fitting doors and windows. Along with his main job, Teimuraz is actively involved in family agriculture. The family has two milk cows. They produce cheese and sell it locally to dairy product retailers. The family also has a vineyard of one hectare. Teimuraz and his father make wine, which is sold on the local market. The total average monthly income of the family is 700 Laris.

Teimuraz has requested credit to finance some renovation works in his house. After the renovation, the family will enjoy better living conditions and after hard days of work, will be able to spend evenings in a better, more comfortable, house.

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

  • $6,100
    Average annual income
  • 32
    View loans »
    Georgia Loans Fundraising
  • $7,796,325
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Teimuraz to purchase materials for renovation of his house.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 24, 2011
Listed
Dec 9, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013