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Teimuraz
Teimuraz is 32 years old. He lives in a small village in the Martvili District with his family – a father, who is a pensioner, and a sister. The family runs an agricultural business. They produce cheese, and they also own a plot of land where nuts are grown. They sell cheese and nuts on the local open market. Teimuraz purchases grapes and sugar in the fall and produces wine. He sells wine in nearby villages. Along with the agricultural business, Teimuraz’s sister works as a cleaner and gets a service fee for the work. The family’s total average monthly income is 650 GEL.


Teimuraz requested a loan to purchase agricultural products to sell. He has a minibus, and he plans to sell seasonal agricultural products from his minibus in nearby villages. He thinks that it will be a profitable business. As a result of this Kiva loan, the family’s income will increase, which will enable them 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
  • 55
    View loans »
    Georgia Loans Fundraising
  • $7,155,125
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Teimuraz to purchase agricultural products to sell.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 2, 2012
Listed
Jul 22, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013