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Nestor
Nestor is 60 years old. He is from the the village of Bashi, West Georgia. Nestor is married and lives with his family: wife, Maguli; 19-year-old son and mother. The only source of income for the family, along with Nestor and his mother’s pensions, is agriculture. In particular, the family owns three milk cows. They sell 40 kg of cheese per month on average at the local market. Also, the family has a pig and sells 12 piglets per year on average. The total average monthly income of the family is 650 laris.

Nestor’s family also owns a greenhouse with a total area of 260 sq meters, which is already old and needs renovation. Nestor requested credit to purchase materials for greenhouse renovation and to cover it with a polyethylene cover. After the greenhouse is renovated, the family will grow vegetables. They will sell their harvested crop and get additional income which will be used to improve family members' 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
  • 96
    View loans »
    Georgia Loans Fundraising
  • $7,312,700
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Nestor to purchase materials for greenhouse renovation.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 9, 2012
Listed
Feb 4, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012