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Vazha
Vazha is a 54-year-old farmer from a small village in Kobuleti District, Seaside of Georgia. He lives with his family: his wife, Mzevinar, his two daughters (29 and 20 years old) and his 19 -year-old son. Mzevinar and her elder daughter are teachers in a local school. Vazha is running the agricultural business of the family. He grows maize on 0.2 hectares of family-owned land and tangerine on 0.5 hectare of family-owned land. He sells the harvested products at the local market. Along with the above-mentioned, Vazha has a vineyard where he grows three tons of grapes per year. Vazha makes wine and sells it in the village. The total average monthly income of the family is 1100 Laris.

Vazha requested a loan to start a beekeeping business. He plans to purchase 10 beehives and bee families. Vazha is experienced in this business, as years ago he used to be a beekeeper. The new business will give additional income to the family. He plans to reinvest the profit in the same business, to expand it in the future.

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
  • 36
    View loans »
    Georgia Loans Fundraising
  • $7,802,825
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,850 helped Vazha to purchase 10 beehives with bee colonies.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 3, 2012
Listed
May 10, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013