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Soso
Soso, 54, is from a small village in Zestaponi District. He lives with his wife and 3 children (29, 26 and 24 years old). Soso and his son work as bakers in their village and get a monthly income. The family also runs an agricultural business. In particular, they have a pig, 2 milk cows and 2 calves. Soso also owns 0.3 hectares of land, where he sows different kinds of vegetables. Besides, he has a vineyard with 300 vine trees. Soso sells grape and dairy products locally at the open market for a good price. He works hard to ensure good harvests.

Soso requested a loan to purchase building materials for a shed. The existing shed is too small and doesn’t allow him to implement his future plans of farm expansion. After building the shed, he will purchase additional livestock and keep the animals in the shed. It will increase the family's income, for Soso will receive more milk for his dairy business. With increased income, the family will improve its 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
  • 55
    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 $625 helped Soso to expand his cattle shed.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 9, 2012
Listed
Nov 14, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 20, 2013