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Parmen
Parmen is 44 years old and from the small village of Samtredia district. He has a large family: his wife, two children (20 and 21 years old) and parents, who are provided with a retirement pension.

The family runs agricultural business. In particular, they have a milk cow and two calves, whose milk is used in cheese production. They sell cheese locally in an open market at a good price.

Parmen owns a plot of land, where 200 nut trees are grown. He sells about 300 to 400 kg of nuts seasonally. Besides, he has a minibus and trades with fruits. Parmen is very hard working and has a rich experience in his business.

Parmen requested a loan to buy tires and an accumulator for his minibus. The existing tires and accumulator are out of commission and need repair.

After repairing his minibus, Parmen will be able to trade more fruits and thus increase his income. With increased income, he will expand his business and improve the living conditions for the family. Parmen awaits your support

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
  • 91
    View loans »
    Georgia Loans Fundraising
  • $7,375,700
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Parmen to purchase tires and an accumulator for the minibus.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 9, 2012
Listed
Nov 15, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 20, 2013