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Otar
Otar is 54 years old. He lives in Akhmeta district with his wife and two children. His daughter works as a sales lady in local market and gets a monthly income.

Otar is involved in agricultural activities. In particular, he brings wood from the forest with his own tractor. He cuts the wood properly, to be sold locally, at a good price. Otar is a very hard-working man and does his best to improve their living conditions.

He requested a loan for purchasing tires, as the existing tires are worn and Otar has stopped working. After the tires are renovated, he will continue selling wood and, thus, increase the income of the family. With increased income, he will improve the living conditions for his 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
  • 78
    View loans »
    Georgia Loans Fundraising
  • $6,884,900
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Otar to purchase tires for his tractor in order to continue working.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 15, 2013
Listed
Feb 19, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014