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Mikheil
Mikheil is from Kareli district. He is 34 years old and lives with his wife and mother. Mikheil’s mother works at the local self-government institution and gets a monthly salary. Mikheil is involved in an agricultural business. In particular, he owns a plot of land where apple, wheat, haricots and onions are grown. He does all relevant agricultural works to ensure a good quality harvest. The harvested products are sold locally. Mikhei is very hard-working man, with a rich experience in his work.

He requested a loan to purchase boxes for apples, and cover the costs related to harvesting apples. Mikheil will pay for workers and will be able to keep the apples in boxes in proper time. This will make sure not to rot the products during winter season. Mikheil will sell apples after several months, when the price and demand are higher and this will significantly increase the family income. The increased profit will be used for improvement the family 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

  • $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

Success!! The loan was 100% repaid

A loan of $1,225 helped Mikheil to pay for workers and to purchase apple boxes.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 20, 2012
Listed
Nov 21, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 18, 2014