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Vasil
Vasil is 34 years old. He lives in the Akhmeta district of East Georgia with his family, including his wife, Nina, 13-year-old son, 4-year-old daughter and grandmother. Nina works as a dentist assistant in Akhmeta.

Vasil is leading the agricultural business of the family. They have a farm with a milk cow, a calf and two pigs. Vasil produces cheese and sells it to local dairy products retailers. On average, he sells 20 piglets per year at the local market. The family also owns a vineyard with 1,200 vine trees. Vasil produces wine and sells it from his house. The total average monthly income of the family is 750 GEL, including the pension of Vasil’s grandmother.

Vasil has requested credit to expand his family farm. With the borrowed amount, he will purchase two milk cows, enabling him to produce and sell 200 percent more cheese. This will increase the income of the family by at least 300 GEL. Vasil plans to use the increased income to create better living conditions for his children 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

  • $6,100
    Average annual income
  • 73
    View loans »
    Georgia Loans Fundraising
  • $7,714,400
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Vasil to purchase two milk cows.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2012
Listed
Mar 27, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013