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Otar
Otar is 58 years old and lives with his large family: his wife, who is unemployed, retired mother, three sons, daughter-in-law, and two grandchildren.

Otar is a builder and works locally when he has opportunities with his sons. Regardless of their hard work, the monthly income is not enough to feed the nine-member family.

With the requested loan, Otar wants to buy agricultural land. He will cultivate it and sow alfalfa (lucerne). The harvested product will be sold among local farmers, as alfalfa is a very necessary feed for cattle.

This will increase income for the family, and Otar will be able to make his big family’s life better. He awaits your support and kindness.

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
  • 78
    View loans »
    Georgia Loans Fundraising
  • $7,710,500
    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 buy a plot of land and sow alfalfa (lucerne).
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 6, 2013
Listed
Feb 19, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2013