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Teimuraz
Teimuraz is from a small village in the Baghdati district. He is 58 years old and lives with his wife, son, daughter-in-law and three grandsons (1, 3 and 4 years old). His economic activity is a greenhouse where different kinds of greens are grown. He owns a vineyard as well and picks the grapes in the late summer. He does all relevant seasonal work to insure a good harvest. He produces vodka and wine and sells it in his village. He works hard to make some savings and expand his agricultural business.

Teimuraz requested a loan to install an irrigation system in his greenhouse. After the greenhouse is properly watered, he will be able to harvest more greens and sell them at a good price. This will significantly increase the income of the family. With the increased income, Teimuraz 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
  • 94
    View loans »
    Georgia Loans Fundraising
  • $7,374,600
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Teimuraz to install an irrigation system in his greenhouse.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2012
Listed
Oct 15, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013