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Sopiko
Sopiko is 22 years old. She is married and lives in a small village in Kareli District with her family: her husband Leri, 2-year-old daughter, grandmother and uncle of her husband. Her grandmother is a pensioner and her husband's uncle serves in the church. Sopiko and Leri run the agricultural business. The main source of the family is farming. They have a plot of land, where various vegetables and fruits are grown, such as tomatoes, maize, haricot, strawberries and raspberries. They sell harvested products at the local open market. They have a little tractor and Leri is busy with it. He provides agricultural services to local farmers in return for a service fee. The total average monthly income of the family is 600 Lari.

Sopiko and Leri requested a loan to change the tires of their tractor. With new tires Leri will be able to cultivate more land. This will positively influence the income of the family. With the increased income he will be able to reinvest in family agricultural business to expand it and make more profitable. As a result Sopiko and Leri 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
  • 39
    View loans »
    Georgia Loans Fundraising
  • $7,020,400
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Sopiko to change the tires of her family's tractor.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2012
Listed
Jun 26, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013