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Archil
Archil is 54 years old and lives in a small village in Kareli district. He is married and has a wife, Esma, and a son, Joni. Esma works at the local school as a teacher and earns a monthly salary. The family earns their living through an agricultural business. They have a plot of land where tomatoes, cabbage, garlic, strawberries and barley are grown. Archil has two cars and a farm tractor. The family members work hard but they still don’t have enough income to save money to improve their living conditions.

Archil has requested a loan to purchase and legalize the ownership of the plot of land. This is essential for Archil so he can continue developing his business and have a stable income, which will help him to ensure a prosperous life for his family. He will reinvest the additional earnings to expand their agricultural enterprise to make it more profitable, thereby improving 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
  • 100
    View loans »
    Georgia Loans Fundraising
  • $7,324,475
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,850 helped Archil to purchase agricultural land.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 23, 2012
Listed
Aug 17, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012