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Jemal is from the village of Teleti. He is 67 years old and lives with his wife, Tsisana. Jemal and Tsisana are both retired and get a monthly pension (in total $120 USD per month). They have children who already have their own families and live separately. Jemal and Tsisana assist financially their children.

They earn a living through agriculture. They have three milk cows and produce various dairy products, which are sold locally. The average monthly income of the family, including pensions, is 500 laris (approximately $300 USD).

Jemal requested credit for purchasing an additional milk cow. They will be able to produce and sell more dairy products and increase the income received from the dairy farm by 30 – 35 percent. Jemal plans to use the earned profit in finalizing the construction process of their own house.

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
  • 37
    View loans »
    Georgia Loans Fundraising
  • $8,314,800
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Jemal to purchase a milk cow.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 6, 2011
Nov 4, 2011
Currency Exchange Loss:
Nov 15, 2012