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Update on Bichiko

Bichiko is 51 years old. He is unmarried and lives with his father in a village of the Dmanisi District. Bichiko works as teacher in a local school. His father is retired. Along with his main job Bichiko is busy with family agriculture. They have five milk cows and sell to local companies that produce dairy products. Also, Bichiko owns 40 bee-hives with bee-colonies. He takes honey from the bee-hives twice a year and sells it on the local market. The total average monthly income of the family is 1100 Laris, including the monthly pension of Bichiko's father.

Bichiko used his first Kiva loan for expansion of his bee-keeping business. He fully repaid the loan in March. As a result of the first loan the income of the family increased, as now they have 10 more bee-hives and sell more honey.

Bichiko requested a second Kiva loan for diversifying the family's agricultural business. He plans to start growing potatoes. With this loan Bichiko will purchase potatoes for sowing. He will sow potatoes on a family-owned plot of land and get the harvest in late spring. Selling harvested potatoes will give additional income to the family. Bichiko and his father will be able to improve their living conditions.

Previous Loan Details

Bichiko comes from the village of Ganakhleba in the Dmanisi district. He is 40 years old, unmarried and lives with his father, 90-year-old Guram, who is retired. Agricultural activities, led by Bichiko, are the only source of income for the family. He works on the family-owned dairy farm with 5 m... More from Bichiko's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Georgia

  • $6,100
    Average annual income
  • 38
    View loans »
    Georgia Loans Fundraising
  • $8,323,825
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Bichiko to purchase potatoes for sowing.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 13, 2012
Mar 22, 2012
Currency Exchange Loss:
Apr 17, 2013
This photo was used before for a previous loan for Bichiko. It was first posted on Kiva on Jul, 2011. Learn More