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Rapael
Rapael is 50 years old. He lives in a small village of Ninotsminda District with his family, wife Marine and their three children (16, 18 and 21 years old). The older child is unemployed and the younger children still go to the school. Rapael and Marine run an agricultural business. They have calves and milking cows and produce cheese. They also own a plot of land where they grow potatoes. They sell the produced cheese and harvested potatoes on the local open market.

Rapael requested a loan to help him mow his agricultural land. He plans to hire a tractor to mow the plot. He will make hay from the moved grass. Part of the hay will be sold for a good price and the rest will be used for feeding his cattle. Thus, Rapael will get additional income. With the increased income, they will be able to expand their agricultural business. Thus, the living conditions of the family will improve.

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
  • 91
    View loans »
    Georgia Loans Fundraising
  • $7,202,675
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD
Expired
A loan of $2,425 helped Rapael to hire a tractor to mow his agricultural land.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 4, 2012
Listed
Jul 23, 2012
Currency Exchange Loss:
Possible
Expired:
Aug 22, 2012