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Elguja O. lives in Imereti Region, village Persati. He is 50 years old and lives with his wife. The only source of income of the family comes from agricultural activities: they own five milk cows and produce cheese, which is sold on the local market. They also grow strawberries on a 300 sq meter plot of land. They harvest on average 100 kg of strawberries per year and sell them on the local market.

The family also runs a bee-keeping business: they own 35 bee-hives and bee colonies. 300 liters of honey are gathered and sold annually. With the requested amount Elguja will purchase the following items: parts for bee-hives frames, equipment for production of beeswax, and some joiner’s (carpentry) equipment.

Due to this investment, Elguja will be able to reduce his production costs for the wax plates by 30% and the cost of production of the bee-colonies by 50%. This will positively influence family income. With the increased income Elguja will purchase additional bee-colonies and expand the family’s business.

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
  • 46
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Elguja to purchase parts for bee-hive frames, equipment for production of beeswax, and some joiner’s equipment.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 5, 2011
Apr 12, 2011
Currency Exchange Loss:
Jan 15, 2012