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Malkhaz is from the village of Gantiadi, South Georgia. He is 28 years old, married and lives with his wife Mzia, 5-year-old son, and 3-year-old daughter.

Agriculture is the only source of the income for the family. The family has a small dairy farm with three milk cows. They sell milk to local dairy product retailers. Along with the dairy farm they own 0.5 hectare land, where potatoes are grown. Harvested potatoes are sold in Tbilisi (capital city of the country).

Malkhaz requested credit for financing the harvesting process and harvest transportation costs. He will pay the owner of the tractor which will help him in harvesting potatoes, and the truck driver, who will take the harvested potatoes to Malkhaz’s store-house. Also, part of the credit (approximately 45%) will be used for purchasing wood, which will be used for the oven during the winter months. The oven is the only mean of heating the house in Malkhaz’s village during winter months.

Malkhaz worked hard during the whole year. The weather conditions were favorable as well and he has good harvest this year. Malkhaz hopes that he’ll be able to sell it for a good price and earn planned profit, part of which will be used for the family's well-being and the other part will be reinvested in potato growing.

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
  • 43
    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 $625 helped Malkhaz to pay the tractor owner and truck driver for services provided in the potato harvesting process and to purchase wood to heat the house in the winter months.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 19, 2011
Sep 8, 2011
Currency Exchange Loss:
Apr 15, 2012