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Nugzar
Nugzar is 62 years old. He lives in the village of Ianeti, West Georgia, with his family: his wife Tamara and his 18-year-old son who goes to school.

Agricultural business is the main source of income for the family. In particular, they run a small dairy farm with three milk cows. Tamara produces on average 50 kg of cheese per month and sells it in the village. Also, the family has a pig and they sell on average 12 piglets per year. Along with the agriculture, Nugzar works in a village grocery store as a provider and gets a monthly salary. Total average monthly income of the family is 600 Laris.

Nugzar requested credit for initiating a new agricultural business. He plans to start up a small-scale poultry farm. Nugzar will purchase chickens, grow them and sell hens in 2-3 months. Nugzar will sell hens on the local open market. The new business initiative will increase the income of the family. They will be able to put aside some savings and renovate their house, in order 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
  • 40
    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 $1,225 helped Nugzar to purchase chickens for poultry farm.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2012
Listed
Feb 15, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012