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Grigol is from the village of Tsutskhvati. He is 51 years old and lives with his wife and retired farther. The family earns their living through an agricultural business. They run a small dairy farm with a calf and three milk cows. The milk is used in cheese products. He sells the dairy from his house. Grigol also owns four sheep and a pig. In addition, the family grows nuts on the family-owned land. They do all relevant agricultural works to ensure a good quality of harvest. The harvested nuts are sold at the local open market. He works hard to earn some savings and improve the living conditions for his family.

Grigol requested a loan for purchasing a milking cow. He will be able to produce and sell more cheese. Thus, he wants to expand his business in order to earn a good profit. With increased profits, he will be able to reinvest in his agricultural business, as well as spend more on the family’s daily needs and the living conditions for the family will be improved.

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
  • 43
    View loans »
    Georgia Loans Fundraising
  • $7,931,175
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Grigol to purchase a milking cow.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Dec 7, 2012
Dec 12, 2012
Currency Exchange Loss:
Jun 17, 2013