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Tengiz is 52 years old. He lives in the village of Sujuna, West Georgia, with his family: his wife, Darejan; two sons (17 and 16 years old); his mother (retired); and his younger brother, who has health problems and receives the relevant pension from the government. The children go to school. Tengiz and Darejan are the income providers in the family. The family agricultural business is the only source of income for them.

The family runs a dairy farm. They have two milk cows and a calf. Darejan produces on average 40 kg of cheese per month. It is sold on the local open market. Also, the family has 30 hens. They give 50 eggs per month. Along with the aforementioned, the family owns 1.3 hectare of land, where maize, tomatoes, haricot (beans) and nuts are grown. Darejan and Tengiz sell the harvested products, as well as cheese and eggs on the local open market. Also, Tengiz grows alder trees on 0.4 hectare. He cuts the trees and sells them in winter. Total average monthly income of the family is 670 Laris, including the pensions of Tengiz’s mother and brother.

Tengiz requested credit for purchasing a horse. He will use it for transporting alder logs from their plot to the village. Tengiz used to rent a horse, which was an additional expense for the family. When he has his own horse, he will reduce the costs. The income of the family will increase, and they will be able to spend more on satisfying the family's daily needs.

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
  • 50
    View loans »
    Georgia Loans Fundraising
  • $8,096,850
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Tengiz to purchase a horse for the transportation of logs.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jan 31, 2012
Feb 15, 2012
Currency Exchange Loss:
Jun 15, 2012