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Emzar is a 41-year-old farmer from the village of Mukhrovani, Gardabani District. He is married and lives with his wife Madonna and 13-year-old son. Emzar’s son goes to the local school.

Emzar works in a local petrol station, as an operator. Madonna works as a teacher in the local school. Besides their regular jobs, Emzar and Madonna run a small dairy farm with three milk cows and seven calves. They produce traditional Georgian cheese and sell it in Tbilisi, the capital city of the country. The total average monthly income of the family is approximately 500 Laris.

With the requested credit, Emzar and Madonna will purchase an additional cow. It will result in increased cheese production. Part of the profit of the farm will be reinvested – more milk cows 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
  • 53
    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 $600 helped Emzar to purchase a milk cow.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
May 4, 2011
May 25, 2011
Currency Exchange Loss:
Oct 15, 2011