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Alexander
Alexander is fifty-six years old. He lives in a small village in Imereti Region, West Georgia with his wife, Inga. Inga and Alexander earn a living through agriculture. They run a dairy farm with two milk cows. The family uses the milk to produce traditional Georgian cheese. They sell on average 40 kg of this product on the local open market. Along with the dairy farm, Alexander is busy with melon growing. He grows melons on the family-owned one hectare of land and sells on average seven tones of melons to local greengrocery retailers. Also Alexander owns a tractor. He provides various agricultural services (tilling, moving) to neighborhood farmers and is paid for this service. The total average monthly income of the family is 500 Laris.

Alexander requested credit to purchase wheels for the tractor. He has to change the old wheels, as they are already damaged and Alexander had to stop using the tractor because of them. After changing the wheels he will continue working and get again the income. In the future Alexander plans to make some savings, to reinvest in the family farm.

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
  • 109
    View loans »
    Georgia Loans Fundraising
  • $7,351,275
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Alexander to purchase tractor wheels.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 26, 2012
Listed
May 23, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013