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Elmuraz
Elmuraz is 47 years old. He is married and lives in a small village of Marneuli District with his wife – Dilara and their 16-year-old son. The family owns 0.30 hectare of land, where strawberries are grown. They sell harvested product on the local open market. In addition, to the family agricultural business, Elmuraz works at the stone quarry as a worker and gets a fee for the work, and his son is busy with trading.

Elmuraz’s son wants to increase his stock in trade and so they requested a loan. He will offer a wide assortment of household products to the customers and increase his sales, and, consequently, his profit. He will reinvest part of the profit in the same business, and the other part will be used for improving family 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
  • 52
    View loans »
    Georgia Loans Fundraising
  • $7,169,700
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Elmuraz to increase his son's stock in trade.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 17, 2012
Listed
Jul 23, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013