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Nikoloz
Nikoloz is a 38-year-old farmer. He lives in the village of Nabakhtevi with his family: his wife Marine and three children (10, 8 and 5 years old). The children go to school. Nikoloz and Marine are busy with family agricultural business. In particular, they have three milk cows. Marine produces cheese. Also they own 4 hectares of land, which is used for wheat, maize and haricot growing. They sell harvested products, as well as home-made cheese locally.

Nikoloz requested credit for purchasing a mini-bus, which will be used for selling their products. Nikoloz will be able to sell products in nearby villages for a higher price. Also, when he has a mini-bus he will sell additional greengrocery products, purchased from neighboring farmers. The income of the family will significantly increase and they will be able to spend more on their children’s education, as well as purchasing other household goods to improve the 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

  • $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 $1,800 helped Nikoloz to purchase a mini-bus to use for selling greengrocery products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2011
Listed
Jan 1, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013