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Zakaria is a 54-year-old farmer from a small village in the Kvareli District, East Georgia. Zakaria is married and lives with his wife, Leila, and two adult children (24 and 20 years old). All family members are involved in the family agricultural business, which is the only source of the income for them. In particular, the family has a farm with three milk cows, six calves and 47 goats.

Zakaria and his wife produce various dairy products, mainly yogurt and cheese. They sell milk and other dairy products to local dairy products retailers. Along with the above mentioned, the family owns a greenhouse where cucumber is grown. Zakaria sells harvested products locally to retailers. The total average monthly income of the family is 500 GEL.

Zakaria requested credit for financing seasonal work in the greenhouse. In particular, he will purchase fertilizers and seeds for cucumbers. The remaining amount will be enough for purchasing two more calves. Zakaria will grow the calves and sell them after six months for higher price. It will give additional income to the family. Zakaria plans to use the increased income for renovation of the house, which is old and needs renovation.

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
  • 45
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Zakaria to purchase fertilizers and calves.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 19, 2012
Mar 27, 2012
Currency Exchange Loss:
Nov 15, 2012