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Solomon
Solomon is 52 years old and lives with his family in the Tskaltubo district. He runs an agricultural business. In particular, he has 2 pigs and sells the piglets locally. In addition, Solomon owns 3 greenhouses, in which different types of greens, tomatoes and cucumbers are grown. Solomon sells the harvested products at the local open market. He works hard to increase his savings and to improve the living conditions for his family.

Solomon requested the credit for renovation of his greenhouse. He will purchase a polyethylene cover and replace the current one. When the greenhouse is renovated, it will maintain the needed temperature, and his family will harvest more products. It will increase their income from sales. Solomon plans to use the increased income to expand his agricultural business and to improve the living conditions for his 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
  • 38
    View loans »
    Georgia Loans Fundraising
  • $7,796,600
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Solomon to purchase a polyethylene cover for his greenhouse.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 9, 2012
Listed
Oct 17, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 20, 2013