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Aliko
Aliko is 27 years old and lives in a small village in the Khoni district. He is married and lives with his wife, Lamara, and grandparents (retired).

The only source of income for the family is agriculture. They have a milk cow. Aliko and Lamara produce cheese and sell on average 20 kg of it in the village. The family also has a small poultry farm – they raise chickens and sell hens on the local open market.

As well as this, Aliko and Lamara are busy with a greenhouse with a total area of 600 sq meters. They grow tomatoes in the greenhouse and sell on average 1 ton of this product to local greengrocery retailers.

The total average monthly income of the family is 800 Laris, including the pensions of Aliko’s grandparents.

Aliko requested credit to purchase feed for chickens. He will feed the chickens for 2-3 months and sell them in the summer. Aliko plans to use the additional income to purchase much needed household goods, in order to improve the family's 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
  • 44
    View loans »
    Georgia Loans Fundraising
  • $7,799,500
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Aliko to purchase feed for chickens.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 9, 2012
Listed
Mar 19, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013