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Gocha
Gocha is 48 years old. He lives in a small village of Kaspi District, East Georgia with his family: wife – Marine, 22 year old son and 21 year old daughter. Gocha works as a truck driver in the village. He is mainly busy with transportation of furniture and other loads. Marine and her son lead the agricultural business for the family. They have, in their village, an apple orchard. Marine sells harvested apples to local greengrocery retailers. The total average monthly income of the family is 1200 Laris.

Gocha requested credit for start-up of a pig farm. He will purchase piglets and place them in the old shed located in the family’s garden. In 6-7 months, Gocha will sell grown pigs and get profit. Also, part of the credit will be used for cultivation of a family owned plot of land, for sowing maize. The two new business initiatives will give additional income to the family. They 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

  • $4,600
    Average annual income
  • 40
    View loans »
    Georgia Loans Fundraising
  • $7,020,400
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Gocha to purchase piglets and to rent a tractor for land cultivation.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 5, 2012
Listed
Apr 25, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013