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Michael
Michael, age 41, lives with his wife Irene in the village of Chabinaani in East Georgia. Michael works as a tin-smith and operates his own workshop. He fills orders from customers in his own village and from those nearby. Irene works as a teacher in the village. The average monthly income of the family is 635 Laris.

Michael has requested credit for purchasing additional spare parts for his tin-smith plant. After adding the new parts, he is confident that the plant will be able to perform more operations. It will allow Michael to diversify the services he provides to customers. Accordingly, the family income will increase.

Michael plans to reinvest part of the increased income into further development of his workshop. He wants eventually to purchase an additional plant. He will also apply some of his profits toward improving his family's 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
  • 50
    View loans »
    Georgia Loans Fundraising
  • $7,169,700
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Michael to purchase spare parts for his tin-smith workshop.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 5, 2011
Listed
Jan 1, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012