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Shalva
Shalva is a 66-year-old farmer from Kobuleti District, West Georgia. He is married. He purchases potatoes, cabbages and different kinds of vegetables from wholesalers once a week and sells them in the local market. This business gives the family approximately 300 Laris per month. Along with the above-mentioned income source, Shalva’s family has a milk cow. They produce cheese and sell it at the local market. In addition, they grow nuts and maize on the family-owned land and do all relevant agricultural work to ensure a good harvest.

With the requested loan, Shalva will purchase stocks of vegetables to expand his trading business and sell them for a profit. That will increase his profit. Shalva plans to reinvest part of the profit in the same business, and the rest will be used in the family.

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
  • 45
    View loans »
    Georgia Loans Fundraising
  • $7,020,400
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Shalva to purchase vegetables for resale.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2013
Listed
Jan 18, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 20, 2013