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Karapet is from the village of Balkho, South Georgia. He is 49 years old and lives in the village with his family: his wife Tamara, two sons who are 19 and 18 years old, an 11-year-old daughter, and his 85-year-old mother. His children go to school.

Karapet and Tamara manage the agricultural business of the family. In particular, they have milk cows and produce cheese, which is sold at the local market. Also, the family grows potatoes on a family-owned plot of land. The potatoes are also sold locally.

Karapet requested credit for purchasing a house in his village. The house will be used by Karapet’s sons when they marry. The family's existing house is too small and can’t hold more people.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Georgia

  • $6,100
    Average annual income
  • 40
    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 $1,825 helped Karapet to purchase a house in the village.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 10, 2011
Dec 1, 2011
Currency Exchange Loss:
Dec 15, 2012