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Nodar
Nodar is 34 years old. He is the father of five children and lives in a small village in South Georgia with his wife Tsitsino, children (6, 5, 4, 3 and 1 years old) and mother.

Agriculture is the main source of income for the family. The family owns a dairy farm with 2 milk cows. Nodar produces cheese and sells it locally to dairy product retailers. Also, Nodar grows potatoes on family-owned 0.4 hectares of land. The harvest is sold locally to retailers. The total average monthly income of the family is 800 laris, including social assistance, which the family gets from the government as a family with many children.

Nodar requested credit for purchasing seed potatoes. He will purchase quality seed of a good sort, which will be sold for higher price. The income of the family will increase and they will be able to provide better care for their children, purchase necessary goods for them and 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

  • $4,600
    Average annual income
  • 55
    View loans »
    Georgia Loans Fundraising
  • $7,155,125
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Nodar to purchase seed potatoes.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 21, 2012
Listed
Mar 7, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012