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Vakhtangi
Vakhtangi is 68 years old and lives in Kareli district. He is married and has a daughter. Vakhtangi and his wife have been provided with a retirement pension. His daughter works at City Council and gets a monthly salary. Vakhtangi runs an agricultural business; in particular, he has a plot of land where barley, wheat and beans are grown. Vakhtangi works hard during the spring and summer seasons to ensure a good harvest. He sells his agricultural products locally.

Vakhtangi has requested a loan to purchase 4 hectares of agricultural land. With this loan, he will be able to cultivate more land and expand his agricultural business. The family will work hard and after the seasonal work is properly done, they hope to get a good harvest. The harvested products will be sold and the family's income will significantly increase. Vakhtangi and his family members will improve 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
  • 78
    View loans »
    Georgia Loans Fundraising
  • $7,193,500
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD
Expired
A loan of $2,450 helped Vakhtangi to purchase agricultural land.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 3, 2012
Listed
Aug 25, 2012
Currency Exchange Loss:
Possible
Expired:
Sep 24, 2012