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David
David is 30 years old; he lives in a small village with his family: his wife, parents, brother and sister-in-law. The family earns their living through agricultural business. David has several beehives with bee colonies. He makes ecologically clean honey and sells on the local open market. Total average monthly income of the family is 1200 Lari.

David requested a loan to buy five beehives with bee colonies. Also, he plans to buy 1 hectare of land where he hopes to grow vegetables and fruits. As a result of the above-mentioned investment, the income of the family will increase. He will use the big portion of his increased income for reinvesting in agricultural business - buying more bee-hives. Also, as a result of the increased income, the family will be able 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

  • $4,600
    Average annual income
  • 94
    View loans »
    Georgia Loans Fundraising
  • $7,289,900
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped David to purchase beehives with bee colonies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2012
Listed
May 25, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013