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Nodar
Nodar is a 48-year-old farmer from the village of Sartichala in East Georgia. He lives with his family: wife Naile and 19-year-old son. His son is temporarily unemployed.

Nodar and Naile run a small dairy farm, which is the only source of income for the family. There are two milk cows on the farm. Naile produces cheese and sells on average 40 kg of this product in the local market. The total average monthly income for the family is 300 Laris.

Nodar requested credit to expand their dairy farm. He will purchase a milk cow. With three milk cows, the family will be able to increase the production and sales of cheese by 50%. Their monthly income will grow by 150 Laris. With the increased income, Nodar plans to create better living conditions for his family.

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
  • 93
    View loans »
    Georgia Loans Fundraising
  • $7,568,975
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Nodar buy a milk cow.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2012
Listed
Feb 21, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012