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Archil
Archil lives in the village of Breti, Kareli district. He is 49 years old and lives with his wife Manana and two sons (17 and 15 years old). Archil and Manana are in charge of the family agricultural business. The children go to a local secondary school.

Archil’s family earns on average 600 Laris per month from agricultural activities. They have three milk cows and a calf. Dairy products (mainly traditional Georgian cheese) are sold on the local market. Along with the above-mentioned, Archil’s family owns approximately 2.5 ha of agricultural land, where garlic, tomatoes and onions are grown. The harvested vegetables are sold locally.

It’s now the season for sowing vegetables and Archil needs a loan to cultivate the land and purchase tomato seeds and fertilizers. Archil hopes that after fertilizing he will have good harvest. The earned profit will be used to cover the house renovation expenses and hence the living conditions of 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

  • $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 $625 helped Archil to cultivate agricultural land and purchase tomato seeds and fertilizers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 21, 2013
Listed
Feb 4, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013