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Parsman I. lives in the village of Chapala, Kartli Region, together with his family – his wife and 22-year-old son. This part of Georgia is known for its rich soil and consequently agriculture is well developed there. Agricultural family business is the main source of income for Parsman’s family. They own a 1.1 ha plot of the land, where potatoes, cucumbers, tomatoes and haricot beans are grown. The harvested vegetables are sold on the local market.

With the requested amount Parsman plans to purchase seeds for the vegetables. After the hard work, the family will sell the vegetables at the harvest season. With the income, they plan to cover the cost of education for their son, and also renovate their house, purchase some furniture, and put aside some fertilizers for the next season.

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
  • 37
    View loans »
    Georgia Loans Fundraising
  • $8,567,900
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,775 helped Parsman to pay for vegetable seeds.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Mar 14, 2011
Mar 30, 2011
Currency Exchange Loss:
Dec 15, 2011