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Badri
Badri is from the village of Kvashta, in mountainous Adjara, West Georgia. He is 35 years old and lives with his family: his wife Sophia, his 2-year-old daughter, his father, and his brother. Sophia and his father work as teachers at the village school. Badri runs the family's agricultural business, which is their main source of income. He has a fish dam at his house and sells fish at the local market. The family also has a 0.3 hectare plot of land, where they grow fruits and vegetables that they sell to local greengrocers. The family's total average monthly income is 800 Georgian laris (GEL).

Badri has noticed that there is high demand for fish in the market. In response to the local market demand, he has requested credit to finance the costs of constructing a second dam, which he will build in his garden. With the additional dam, Badri will be able to sell twice the amount of fish, which will significantly increase the family's income, enabling them to increase their spending on household goods and thus improve their 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
  • 72
    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 $725 helped Badri to purchase construction materials for creating a fish dam.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 28, 2011
Listed
Dec 14, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012