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Demuri
Demuri is from Tkibuli district. He is 63 years old and lives with his large family: his wife, parents, two grown sons, a daughter-in-law and three grandchildren. His parents are pensioners.

The family is involved in agricultural business. In particular, Demuri runs a small dairy farm. He has three calves, three milk cows and one buffalo, whose milk is used in cheese products which are sold at the local open market. In addition, he has a pig and five piglets. The family also owns a nut garden and does all relevant seasonal work to ensure a good harvest. Demuri also serves the local people as a mini-bus driver to earn additional monthly income. He is very hard-working man, with rich experience in his work.

Demuri requested a loan to purchase additional buffalo. He will be able to get more milk and increase the sales of his dairy products. Demuri will thereby raise his income. With the increased income, he plans to expand his agricultural business and improve the living conditions of the family.

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
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Demuri to purchase additional buffalo.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2012
Listed
Oct 17, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014