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Ramaz is from the village of Chkhenishi. He is 39 years old and married. Ramaz lives with his family; his wife Ketevan, 20-year-old son and 17-year-old daughter. His son is a student in high school and his daughter goes to school.

Ramaz and Ketevan lead the family's agricultural business and have 6 milk cows. Ketevan produces and sells on average 80 kg of traditional West Georgian cheese per month. The family also grows maize and soybeans on the family-owned 2.5 hectare land. Part of the harvested corn is used for feeding the cows and the other part is sold locally. Total average income of the family is 750 Laris per month.

Ramaz requested credit to develop a fish farm. He will purchase local species of fish and grow them near a dam. Starting from the spring season, the fish will start to spawn and start intensively selling. Part of the credit will be also used to purchase feed for the fish.

Ramaz expects that development of the fish farm will raise the income of the family. Part of the increase in income will be reinvested in the same business and the other part will be used for financing his children’s education.

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
  • 34
    View loans »
    Georgia Loans Fundraising
  • $8,567,900
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Ramaz to purchase fish and feed for a fish farm.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 9, 2011
Sep 18, 2011
Currency Exchange Loss:
Oct 15, 2012