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Nugzar is thirty-four years old. He lives in the village of Kakuti, West Georgia, with his big family: his wife – Gulnara, four sons (thirteen, eight, six and two years old) and his retired mother. The older children go to school. All the adult family members work hard, but still they are in poverty. The family receives relevant social assistance from the government. Nugzar runs a dairy farm owned by the family – they have two milk cows. Nugzar produces cheese and sells it on the local market. Also the family has 600 nut trees on their plot and they sell nuts locally as well. The total average monthly income of the family is 550 Laris, including social assistance.

Nugzar requested credit to finance seasonal agricultural work on their plot. He will purchase fertilizers for the nut garden as well as medicines to tread the trees against parasites. After properly completed seasonal works the family will get a good harvest and sell it for a reasonable price. They will use the income from the sales to finance the family's daily needs.

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
  • 35
    View loans »
    Georgia Loans Fundraising
  • $8,323,400
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Nugzar to purchase fertilizers and drugs against parasites.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 27, 2012
Mar 16, 2012
Currency Exchange Loss:
Nov 15, 2012