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Panakh
Panakh is 31 years old. He lives with his wife and parents in the small village of Marneuli district. The family runs an agricultural business. In particular, they have a milk cow and 2 calves. Panakh owns 0.8 hectares of agricultural land, where potatoes and eggplants are grown. In addition, they have a greenhouse, where tomatoes are grown. Panakh sells harvested products locally at a good price. He is a very hard-working man and does his best to ensure a good harvest. Panakh requested a loan to purchase calves and wood for the greenhouse. After Panakh buys the wood, the greenhouse will be heated properly, and he will ensure a good harvest. Since he will buy additional calves, he will expand the number of cattle and increase his family's income. With increased income, he will be able to improve his family's living conditions. Panakh 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
  • 77
    View loans »
    Georgia Loans Fundraising
  • $7,548,225
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,825 helped Panakh to purchase calves and wood for the greenhouse.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 17, 2012
Listed
Dec 19, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013