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Nikoloz is 30 years old. He lives in a small village of Mtskheta District with his mother, Zoia. They run an agricultural business. In particular, they have a plot of land where they grow various beautiful flowers which they sell on the local open market. Zoia is busy with trading as well; she buys hens in the village and sells them in the nearest towns. Nikoloz also works construction and gets a service fee of approximately 200 Lari per month. Their total average monthly income is 700 Lari.

Nikoloz has requested a loan for purchasing a car. He plans to buy the car with gas installation to use for selling their flowers. With the car, he will be able to move comfortably and easily. This will save the costs related to renting a car. Thus, he will decrease his transportation costs and increase his income accordingly. He will spend the biggest portion of his income to develop the agricultural business. As a result, he will be able to make some savings and 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

  • $6,100
    Average annual income
  • 40
    View loans »
    Georgia Loans Fundraising
  • $8,091,775
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD
A loan of $1,850 helped Nikoloz to purchase a car.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 12, 2012
Jun 29, 2012
Currency Exchange Loss:
Jul 29, 2012