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Jemal is 43 years old. He lives in the village of Ruisi, Kartli Region, with his family – his wife and two sons, who are 10 and 5 years old. The elder son goes to the secondary school.

The main source of income for Jemal’s family comes from agricultural activities. In particular, they have six milk cows. They produce cheese and sell it to the retailers in the same village. Also the family owns an agricultural plot with the area of 3 ha, where cabbages and apple trees are grown. Most of the harvested fruits and vegetables are sold locally. The family is also involved in beekeeping; they have five beehives. Honey gathered from these beehives is sold locally.

With the requested loan Jemal plans to purchase a tractor. He will use it to till his own plot, which will reduce his cost for tilling. On the other hand he will work with the tractor on neighbors’ plots and get additional income.

Jemal plans to reinvest the profits in agriculture – purchasing additional plots of land and more beehives.

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
  • 50
    View loans »
    Georgia Loans Fundraising
  • $8,637,875
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,775 helped Jemal to purchase a tractor.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Mar 22, 2011
Mar 28, 2011
Currency Exchange Loss:
May 15, 2012