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Tengiz
Tengiz is 58 years old and lives in a small village in Baghdati district. He is married and has a wife, Izolda, and a son, George. George works as a security officer in a private company and earns a monthly salary. Tengiz and Izolda earn their living through a dairy farm with three milking cows. Izolda milks cows twice a day and produces cheese. Part of the cheese is used by the family and the rest is sold locally. They also own a plot of land and a vineyard. Tengiz and Izolda are especially busy with the plot during the spring and summer seasons in order to ensure a good harvest in late summer which they sell at the local open market.

Tengiz is now requesting a loan to purchase a milking cow. He will be able to increase cheese production and sales as well. This will help him to increase the family’s income significantly. With increased income, Tengiz will repair the house which is very old and uncomfortable. Taking into account the above-mentioned points, he will be able to provide better living conditions for his family members.

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
  • 106
    View loans »
    Georgia Loans Fundraising
  • $7,355,875
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Tengiz to purchase an additional milking cow.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 7, 2012
Listed
Aug 17, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013