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Paata

Update on Paata

Paata is 44 years old. He lives in the Kareli District with his wife – Mzia. The family earns a living through an agricultural business. They have 2.5 hectares of land where tomatoes, cabbages, garlic and strawberries are grown. Paata sells harvested products to local greengrocery retailers. Total average monthly income of the family is 850 Laris.

Paata has requested credit for financing seasonal agricultural works. He will rent a tractor for cultivation of the land. Also Paata will purchase fertilizers and drugs for treating the plants for parasites. Paata and Mzia will work hard on their plot during spring season. After properly completed seasonal works the family will get a better and greater harvest than in the last year. They will sell it through known distribution channels for a good price and get profit which will be used for renovation of family house in order to make it more comfortable.

Previous Loan Details

Paata is from the village of Dzlevijvari, Kareli District. He is 43 years old and lives with his wife Mzia. Paata and Mzia are farmers. They have 2.5 hectares of land, where they grow tomatoes (1.5 hectare), cabbage (0.5 hectare) and garlic (0.2 hectare). Paata and Mzia spend the whole day in th... More from Paata's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Georgia

  • $4,600
    Average annual income
  • 104
    View loans »
    Georgia Loans Fundraising
  • $7,324,475
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Paata to rent a tractor and to purchase fertilizers and drugs to treat plants for parasites.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 12, 2012
Listed
Apr 29, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012
This photo was used before for a previous loan for Paata. It was first posted on Kiva on Aug, 2011. Learn More