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Ashot is from the village of Shaumiani, East Georgia. He is 41 years old and lives with his wife Tegmine and mother. The source of the income for the family is fruit growing. Ashot is leading this business. He works hard during the year in the garden. Ashot uses his old car for transportation of the harvested fruits. He takes them to nearby villages and towns and sells them from the car.

The total average monthly income of the family is 690 Laris, including Ashot’s mother's pension.

Ashot requested a loan to fix his car, which is out of order at the moment. He will repair it in a week and continue selling the fruits.

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
  • 45
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Ashot to fix the car to transport harvested fruits.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 21, 2011
Aug 5, 2011
Currency Exchange Loss:
Aug 15, 2012