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Teimuraz
Teimuraz, 31 years old, is married and lives with his family: wife – Sophio, two-year-old son, and mother in a small village on the seaside of Georgia. Teimuraz owns a tractor that he uses to provide agricultural services to neighborhood farmers, while Sophio leads the agricultural business of the family, producing cheese from their milk cow and selling it in the village. The family also owns 0.4 hectares of land where they grow tangerines and maize which they sell locally. Total average family monthly income is 900 Laris.



Teimuraz is now requesting a loan to fix his tractor which is now out of order. It is now high season in the village, and demand for tilling services is high. With his tractor repaired, Teimuraz will earn good income and use it to provide better living conditions for his child and other family members.

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
  • 72
    View loans »
    Georgia Loans Fundraising
  • $6,854,275
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Teimuraz to pay for tractor repair.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 7, 2012
Listed
Mar 16, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012