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Nikoloz is from the Kareli district. He is 47 years old and lives with his wife and four children. Three of his children attend the local school and his eldest son helps the family in agricultural activities. According to government estimations, the family belongs to the category of vulnerable poor and they receive monthly social assistance.

They own a plot of land where they grow onions, potatoes, haricots and sweet cherries. He does all the relevant agricultural work to ensure a good quality of harvest. The harvested products are sold locally. In addition, Nikoloz is involved in an animal husbandry business and has two oxen and a milk cow. The family produces cheese from the cow’s milk and sells it at the local open market. Nikoloz is a very hard-working man with a great deal of experience in his chosen profession.

With this loan Nikoloz plans to purchase calves. He will raise them and sell the grown calves for a much higher price. This will bring additional income to the family. Nikoloz plans to reinvest a portion of the anticipated increased income in the family farm and he will be use the other portion 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

  • $6,100
    Average annual income
  • 37
    View loans »
    Georgia Loans Fundraising
  • $8,073,000
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Nikoloz to purchase calves for resale.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Nov 22, 2012
Nov 26, 2012
Currency Exchange Loss:
Jan 18, 2014