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Vasil
Vasil is from the Zestaponi district, West Georgia. He is 34 years old and lives with his brother and father who is provided with a retirement pension. Vasil works at the public registry and his brother works for an auditing service. Both of them get monthly salaries. The family is involved in the agricultural business. In particular, they have a vineyard and pick grapes in the late summer. The harvested grapes are used for producing wine and vodka, which are sold at the local open market.

With the received credit, Vasil will purchase pigs. He will place the pigs in a shed located in their yard, raise them and after several months the family will be able to have piglets. This will increase the family's animal husbandry business and their income as well. With the increased income, Vasil will improve their 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

  • $4,600
    Average annual income
  • 96
    View loans »
    Georgia Loans Fundraising
  • $7,365,125
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Vasil to purchase pigs.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 3, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2013