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Mamuka
Mamuka is 54 years old. He lives in the village of Chagan-Chkvishi, West Georgia. Mamuka is married and lives with his family: wife – Leila, a 14-year-old daughter, mother (retired) and younger sister. Leila works as teacher in the village. Mamuka is leading the agricultural business of the family. They have five milk cows and ten calves. The family sells dairy products at the local market. Also they have two pigs and sell, on average, 20 piglets per year. Total average monthly income of the family is 800 Laris, including the pension of Mamuka’s mother.

Mamuka requested credit for construction of a new cattle-shed, as the old one is almost ruined, as it was old. The new cattle-shed will be bigger and Mamuka will be able to raise more calves instead of selling them, in order to increase the amount of milk cows in the farm. The family will get more milk and sell more dairy products. It will help them 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
  • 93
    View loans »
    Georgia Loans Fundraising
  • $7,578,550
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Mamuka to purchase construction materials for cattle-shed construction.
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:
May 15, 2012