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Guram
Guram is 52 years old. He is married and lives in the small village of Sabue with his family: his wife, Manana, and two children (16 and 17 years old). Both of the children go to the local school. Manana is the teacher. She teaches in the village school and is a lovely teacher for her children.

Guram runs an agricultural business. In particular he has cows, pigs, and calves. He produces cheese and sells it on the local open market. He sells pigs and calves as well. The total average monthly income of the family is 500 Lari.

Guram requested a loan to purchase calves. He wants to raise them and sell then locally after several months. Grown calves will be sold with a price mark-up. The family will get additional income.

With the increased income, he will be able to expand his agricultural business. Due to the above mentioned, the living conditions of the family will be improved.

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
  • 89
    View loans »
    Georgia Loans Fundraising
  • $7,568,975
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Guram to purchase calves.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 1, 2012
Listed
Jun 21, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013