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Vepkhvia
Vepkhvia is a 36-year-old farmer from the village of Abastumani, South Georgia. He lives in the village with his family: his wife, Shorena, two daughters (18 and 17 years old), his 13-year-old son and his parents (retired). The children go to school. The family agricultural business is the only source of income for the family: They have a dairy farm and produce cheese and yogurt, which are sold on the local market. Also, the family grows various vegetables, on a family-owned plot of land, which are also sold locally. The total average monthly income of the family is 1000 Laris, including the pensions of Vapkhvia’s parents.

Vepkhvia requested credit for purchasing a milk cow. They will produce and sell more dairy products. It will increase the income of the family, which will allow them to spend more on satisfying their needs and 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
  • 94
    View loans »
    Georgia Loans Fundraising
  • $7,302,200
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Vepkhvia to purchase a milk cow.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2011
Listed
Jan 19, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012