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Gela
Gela is 50 years old. He is married and lives in the small village of Abasha District with his family: his wife Dali, 28-year-old son, daughter-in-law and a mother who is a pensioner. The family earns their living through an agricultural business. They have three milking cows and a calf. Gela and Dali produce cheese and sell approximately 50-60 kg. cheese monthly. They own a plot of land where nuts are grown. They pick nuts in late summer and sell them in nearby villages. Along with the family business, Gela and his son work on construction and get a service fee for the work.

Gela requested a loan to purchase a mini tractor. He will cultivate the land owned by the family. He will sow various vegetable there. After properly done seasonal work, he hopes to get a good quality harvest, which will be sold for a good price. Also, Gela will use the tractor to provide seasonal agricultural services to local farmers and will get a`service fee for the work. This will significantly increase the income of the family. With the increased income he plans to purchase a car. Taking into account the above-mentioned activities, 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

  • $6,100
    Average annual income
  • 87
    View loans »
    Georgia Loans Fundraising
  • $7,706,100
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Gela to purchase a mini tractor.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 5, 2012
Listed
Jul 17, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013