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Yuri
Yuri is forty years old. He lives in a small village in West Georgia with his family: his wife Khatuna, two sons (11 and 9 years old) and his parents. Yuri is a goldsmith. He has a small workshop, where he spends most of the day, working on various orders from his village and from nearby villagers. Khatuna works in a local cloth factory and gets a monthly salary. Along with the abovementioned the family is running small scale agricultural activities, which are one of the sources of the income for the family. They have a small dairy farm with one milk cow and a calf. Yuri’s mother produces cheese and sells it locally, in the village. Along with the dairy farm, the family grows maize and citrus on 0.2 hectares of family-owned land. The total average monthly income of the family is 750 Laris, including the monthly pensions of Yuri’s parents.

Yuri requested credit to purchase food for the cow and calf, and also for fixing the cattle-shed, as the building is already old and needs some repairing. After repairing the cattle-shed, the temperature in the building will become higher and it will positively influence the milking capacity of the cow. Yuri’s family will sell more cheese and their income will increase. The family hopes that their income will be enough to finance the children’s education.

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
  • 43
    View loans »
    Georgia Loans Fundraising
  • $7,800,275
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Yuri to purchase feed for cows and fix the cattle-shed.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2012
Listed
Feb 6, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013