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Sopiko
Sopiko is 25 years old, married and lives in the village Norio, West Georgia with her family: her husband, George, and 2 daughters, 5 and 6 years old. All members of the family are internally displaced persons, as a reason of military conflict inside the country. George is a worker in the village. Sopiko is leading the family agricultural business, which is their important source of the income. The family has 2 milking cows. Sopiko produces cheese and sells it locally, to dairy products retailers. Also, the family owns a plot of the land, where 250 nut trees are grown. On season they sell up to 400 kg of nuts. The total average monthly income of the family is 700 Laris.

Sopiko has requested credit for the realization of a new business initiative. She plans to purchase an electrical oven for baking candy products. She will sell her products on the local market, as well as to local stores. According to her estimations, there is sufficient demand on the local market for candy products and her business will be profitable. Additional income will allow Sopiko to provide better living conditions for her children, as well as for George and herself.

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

  • $6,100
    Average annual income
  • 79
    View loans »
    Georgia Loans Fundraising
  • $7,710,500
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Sopiko to purchase an electrical oven for baking candy products,.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 7, 2011
Listed
Jan 9, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012