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Levan
Levan is 43 years old and is from a small village in the Vani district. He lives with his 38-year-old wife and 3 children (13, 11 and 1 years old). The family runs an agricultural business. They have 2 dairy cows and a calf, whose cheese is sold at the local open market. They also have a pig, which produces piglets and they are sold in their village. In addition, the family has a nut garden. They sell on average 600 kg harvested nuts per year. Levan is also involved in a flower trading business. He transports the flowers to nearby countries with his own mini-bus and sells them at a good price.

Levan has requested a loan to purchase flowers for resell. He will increase his stocks and will be able to transport more flowers and expand his trading. This will significantly increase the profit of the family. The increased income will be reinvested in family's agricultural activities. In particular, he will purchase additional cattle to produce more dairy products and increase the monthly income from sales. Levan will improve the living conditions for the family, as well as finance the education of his children to ensure a better future for them.

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
  • 76
    View loans »
    Georgia Loans Fundraising
  • $7,714,400
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD
Expired
A loan of $1,825 helped Levan to purchase flowers for resell.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 5, 2012
Listed
Nov 4, 2012
Currency Exchange Loss:
Possible
Expired:
Dec 4, 2012