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Ilgar
Ilgar, age 43, and his wife Sabina run an agricultural business to earn a living. They have two milk cows and produce cheese, part of which is used by the family; the rest is sold on the local open market. Ilgar lives in a small village in Gardabani District with his wife, their 19-year-old son, and his mother, who is a pensioner. His son is unemployed. The total average monthly income of the family is 700 Laris.

Ilgar has requested a loan in order to purchase calves, which he will raise and eventually sell at a profit. He will reinvest his additional earnings back into his agricultural enterprise in order to expand it and to make it more profitable, thereby improving the family's 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
  • 78
    View loans »
    Georgia Loans Fundraising
  • $7,714,400
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Ilgar to purchase calves.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 16, 2012
Listed
Aug 14, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013