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Artem
Artem is 31 years old. He lives in Akhaltsikhe District, South Georgia with his wife, Lussine. The family earns their living through an agricultural business. They run a small dairy farm with 2 milk cows. Lussine produces cheese and sells, on average, 40 kg of this product at the local open market. Along with the above mentioned activities, the family owns a plot of land. Artem grows potatoes, maize, wheat, garlic and onions. He sells his harvest at the same market. Artem and Lussine work hard in their farm, especially in the spring and fall seasons. Their average monthly income is 600 Laris.

Artem has requested credit for purchasing potatoes for sowing. He will purchase a better variety of potatoes for sowing and he will work hard on seasonal agricultural work. Artem hopes that the weather conditions will be favorable as well and the family will get a good harvest. The harvest will then be sold for a convenient price. The family will get more income and Artem and Lussine will be able 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

  • $6,100
    Average annual income
  • 75
    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 $1,550 helped Artem to purchase potatoes for sowing.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2012
Listed
Apr 6, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013