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George
George is from the Telavi district of Kakheti region. He is 26 years old and lives with his wife, child and grandparents, who are pensioners. George is involved in an agricultural business and has six pigs and 14 piglets. In addition, he owns a vineyard and a plot of land where maize is grown.

George also has two trucks. He takes wood from the forest and sells it in his village and nearby villages. George requested a loan to purchase tires for his truck, because it is damaged and is already risky to drive in the forest. For this reason, George has stopped operations and takes wood only with one car. After changing the tires, George will be able to continue transportation by both of his trucks and sell more wood. The other part of this loan will be used to purchase agricultural land. George plans to lay out a vineyard and expand his agricultural business. This will increase the family income. Increased income will enable them to improve the family’s 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
  • 53
    View loans »
    Georgia Loans Fundraising
  • $7,088,700
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,825 helped George to buy tires for his truck and purchase agricultural land.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 17, 2012
Listed
Oct 24, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2013