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Ramin
Ramin is 42 years old. He lives in Lechkhumi District, in the western part of the country. Ramin is married and lives with his family: wife – Nona, three daughters (19, 16 and 3 years old), father and stepmother (retired). Ramin and Nona run a family agricultural business. They have a dairy farm with 5 milk cows. The family sells milk locally to dairy product retailers. They also own a 0.5 hectare cornfield, as well as 200 nut trees. Harvested corn and nuts are sold locally to the retailers as well. Total average monthly income of the family is 650 GEL, including the monthly pensions of Ramin’s parents.

Ramin requested credit for expansion of the existing dairy farm building. In the future, he plans to increase the amount of milk cows on the farm. For implementation of this plan, the family needs to expand the farm building. After expansion of the family business their income will increase the family will be able 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
  • 54
    View loans »
    Georgia Loans Fundraising
  • $7,088,700
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Ramin to purchase construction materials for expansion of the farm building.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 10, 2012
Listed
Feb 4, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013