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Giorgi
Giorgi is 25 years old. He lives in Mtskheta District, East Georgia. He is married and lives with his wife, Tsitsi, and parents. Giorgi and Tsitsi earn a living through agriculture. They work hard in their 180 square meter greenhouse, where they grow tulips. They sell the flowers in the open market of Tbilisi, the capital city of Georgia. Along with farming tulips, Giorgi works as a tractor operator in the village. He provides tractor repair services to farmers from his and nearby villages. The total average monthly income of the family is 700 Laris.

Giorgi requested a loan for renovation of the greenhouse and cultivation of the land in it. He will change broken glasses so that the greenhouse can better maintain the correct temperatures. Also, after proper cultivation and fertilization, the land in the greenhouse will produce better quality tulips, which will be sold for higher prices. The family's income will increase, and they will be able to purchase household goods 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

  • $4,600
    Average annual income
  • 73
    View loans »
    Georgia Loans Fundraising
  • $6,859,275
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,525 helped Giorgi to purchase fertilizers and materials for greenhouse renovation.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 6, 2012
Listed
Mar 22, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012