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Murman
Murman is 56-year-old man living in Kvemo Khvedureti village in the Kareli district with his wife, son, daughter-in-law and an infant grandchild. The main income for the family is from agricultural activities. They own a plot of land where fruits and vegetables are grown. Also they have a milk cow, which is milked to make cheese. Harvested products, along with the cheese, are sold locally at the markets.

With part of the received loan, Murman wants to purchase fertilizers and all the needed products for cultivating the land. With another part of the loan he will pay the workers for cultivating the land. Later he will plant more fruits and vegetables to develop his agricultural business. This will increase the family income, and Murman will be able to provide better living conditions for his big 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

  • $6,100
    Average annual income
  • 87
    View loans »
    Georgia Loans Fundraising
  • $7,706,100
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Murman to purchase fertilizers and other needed products for cultivating the land.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 14, 2013
Listed
Mar 23, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013