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Koba T. is 27 years old. He comes from the village of Kumistavi, Tskaltubo District. He lives with his family – his parents, grandfather and brother. Koba’s parents and grandfather are retired.

The primary source of income for Koba’s family comes from agricultural activities. In particular, the family has two cows, whose milk is used for cheese production. The cheese is sold on the local market. They also own seven beehives and get 100 liters of honey annually. Also the family has a vineyard and is engaged in wine production. The wine is sold in the village, among the villagers.

With the requested loan, Koba plans to start up a small bakery, where different types of bakery products will be made and sold in the village. Koba has worked in a bakery as a hired employee and he has sufficient experience in this business. According to his estimations, his bakery will be profitable and he will be able to support his family better. Part of the increased income will be spent on family well-being and another part will be used for expansion of the bee-keeping business; additional beehives and bee-colonies will be purchased.

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
  • 52
    View loans »
    Georgia Loans Fundraising
  • $8,643,950
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Koba to purchase materials for start-up of a small bakery.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 7, 2011
Apr 12, 2011
Currency Exchange Loss:
May 15, 2012