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Solomon
Solomon is 42 years old. He is a farmer from Telavi District, East Georgia. He is married and lives with his wife, Dali, parents (retired) and elder sister. The family earns their living through agriculture. They have a dairy farm with seven milk cows. Solomon and Dali produce cheese and sell it on the local open market. Along with the above-mentioned business, the family owns a vineyard on two hectares of land. He sells grapes to the local wine producers. Solomon has a motorcycle and sells ice cream in the summer season in his and nearby villages. The total average monthly income of the family is 800 Laris, including the pensions of Solomon’s parents.

Solomon requested a loan for purchasing drugs for treating the vineyard for parasites. After properly done seasonal work, he will get a high quality harvest in the fall and sell it for a convenient price. The family will get a profit and they will use it for financing their daily expenses during the year.

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
  • 72
    View loans »
    Georgia Loans Fundraising
  • $6,859,275
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD
Expired
A loan of $750 helped Solomon to purchase drugs to treat the vineyard for parasites.
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 12, 2012
Listed
Apr 29, 2012
Currency Exchange Loss:
Possible
Expired:
May 29, 2012