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David
David lives in Khoni, West Georgia, with his family--which includes his wife, Keso, his 24-year-old son, and his daughter-in-law. All the family members are involved in agricultural activities. They have a milk cow, the milk of which is used for cheese production. The cheese is sold in the local market to dairy-product retailers. Also, the family owns a plot of land with 300 nut trees. Harvested nuts are sold in the local market as well. The total average monthly income of the family is 400 laris.

David requested credit for purchasing a milk cow. They will double the amount of cheese produced and sold. It will positively impact the income of the family. With the increased income, the family will be able to 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
  • 91
    View loans »
    Georgia Loans Fundraising
  • $7,374,600
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped David to purchase a milk cow.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 9, 2011
Listed
Jan 1, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013