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Demur
Demur is sixty-five years old. He lives in Samtredia District. Demur lives alone. He earns a living through his agricultural business. In particular, he has a milk cow. Demur produces and sells on average 20 kg of cheese per month. Also he grows maize on 2 hectares land, one of which is his own and the other one is rented. He sells harvested maize on the local market. Along with the above mentioned Demur owns a tractor. He provides seasonal agricultural services to local farmers and earns 1,500 Laris per year. Demur’s total average monthly income is 800 Laris.

Demur requested credit for to renovate the tractor. After the renovation its capacity will increase and Demur will be able to carry out more orders. Demur’s income will increase. He will purchase additional household goods to improve his 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
  • 78
    View loans »
    Georgia Loans Fundraising
  • $6,884,900
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Demur to pay to renovate his tractor.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 12, 2012
Listed
Apr 27, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013