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Sergo
Sergo is 53 years old. He lives in the village Akhalterjola, West Georgia, with his wife Irma. Sergo is a musician. At the same time he is actively involved in his family agricultural business. Irma and Sergo have a small dairy farm with 2 milk cows. Irma produces cheese and sells it on the local market. Also the family owns a vineyard with 400 vine-trees. Sergo makes wine and sells it in the village. The total average monthly income of the family is 600 Laris.

Sergo requested credit for purchasing a milk cow. With three cows Irma can increase production and sales of cheese by 50%. It will increase the monthly income of the family by 150 Laris. Irma and Sergo 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

  • $6,100
    Average annual income
  • 45
    View loans »
    Georgia Loans Fundraising
  • $7,796,600
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Sergo to purchase a milk cow.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 9, 2012
Listed
Feb 12, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012