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Nugzar
Nugzar is 51 years old. He lives in the village Kvirike, Seaside of Georgia. He is married and lives with his family: wife Tamar and three children (24, 23 and 22 years old).

Nugzar earns a living through trade with green-grocery products. He purchases green-grocery products on the wholesale markets and takes them with his own minibus to nearby villages. Along with trade, Nugzar is involved in the family's agribusiness. They have a milk cow and sell homemade cheese. The family also grows citrus and nut trees on 0.25 hectare land. Nugzar sells harvested products from his minibus as well. Total average monthly income of the family is 500 Laris.

Nugzar requested credit for purchasing additional green-grocery products for resale. With the new products, he will increase sales and the income of the family will increase. The family will be able to spend more on satisfying their daily needs to improve 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
  • 107
    View loans »
    Georgia Loans Fundraising
  • $7,325,800
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Nugzar to purchase fruits and vegetables for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 23, 2012
Listed
Feb 14, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012