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Khachatur is a 37-year-old man from Bolnisi District. He is divorced. Khachatur works as an artisan locally and gets a monthly income. In addition, he runs a small dairy farm with a calf and a milk cow, whose milk is used in cheese products. The cheese is sold at the local open market. Khachatur also trades fruits and vegetables. He purchases products from wholesalers once a week and sells them in the local market. Khachatur works hard to generate some savings and improve his living conditions.

With the requested loan, Khachatur will purchase stock of vegetables and fruits to sell them for a profit and expand his trading business. That will increase his profit. Khachatur plans to reinvest part of the profit in the same business and the rest will be used in everyday expenses.

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
  • 54
    View loans »
    Georgia Loans Fundraising
  • $8,096,850
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Khachatur to purchase fruits and vegetables for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 12, 2013
Feb 14, 2013
Currency Exchange Loss:
Mar 17, 2014