Funded

Total loan: $625
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Davit

Georgia
Pkhvenisi, Georgia / Farming

A loan of $625 helped to pay for tilling and cultivation of land and to purchase fertilizers.


Davit's story

Davit is a 28-year-old farmer from village Pkhvenisi. Davit and his mother live in their house in the village. Davit’s mother is 72 years old and retired.

Davit has a milk cow whose milk is used for cheese production. Cheese is sold to the local retailer. Davit owns 4.7 ha of land. He grows approximately 12 tons of tomatoes and 14 tons of cabbage annually on this land. He has also planted 240 apple and 30 cherry trees. Vegetables and fruits are sold by Davit himself – he takes them with his own mini-bus to the nearby towns and sells there. With the requested credit Davit will till and cultivate 1.4 ha of land, where cabbage, tomatoes and maize will be grown. Part of the credit will be used for purchasing fertilizers.

Davit hopes that after proper tilling of the land he will get a good harvest, which will be sold at a good price. With the received income Davit plans to renovate their house. In the near future, Davit is going to get married.



Loan details

Loan length:

10 months
Repayment schedule: Irregularly
Disbursed date: May 16, 2011
Facilitated by Field Partner: LLC Micro Finance Organization Credo

Lenders and lending teams



Loan details

Loan length:

10 months
Repayment schedule: Irregularly
Disbursed date: May 16, 2011
Facilitated by Field Partner: LLC Micro Finance Organization Credo