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Tengiz is a 44-year-old farmer from a village in the Gardabani District. He lives with his family: his wife, Elmira; his mother (a pensioner); and an aunt (a pensioner). The family earns a living through their agricultural business. They have a milk cow and two calves. Elmira produces cheese and sells it in the village. Tengiz has a truck and he provides transportation services to the population of his and nearby villages. The family's total average monthly income is 1,000 Laris.

Tengiz has requested credit to purchase another milk cow. With two milk cows, Elmira will be able to double production and sales of cheese. The income of the family will increase. The family members will be able to purchase additional household goods 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
  • 37
    View loans »
    Georgia Loans Fundraising
  • $8,073,000
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD
A loan of $925 helped Tengiz to purchase a milk cow.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 18, 2012
May 9, 2012
Currency Exchange Loss:
Jun 8, 2012