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David is 48 years old. He lives in the small village of Terjola District with his family: wife, Julieta, his mother, who is a pensioner and two children (10 and 12 years old). Both of the children study in the village school.

David and Julieta earn their living through agricultural business. They have 2 milk cows, a calf and a pig. They produce cheese and sell it at the local open market. The family owns a vineyard as well and they have 800 nut trees. Harvested products are sold at the local open market. The total average monthly income of the family is 550 Laris.

David has requested a loan to purchase a milking cow. He wants to expand his business. With three milk cows, they will be able to produce more cheese and other dairy food. This will increase the income of the family. With increased income they will be able to reinvest in the family's agricultural business to expand it and make it more profitable. Taking into account the above mentioned, the living conditions of the family will be improved.

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
  • 46
    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 $925 helped David to purchase a milk cow.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jun 6, 2012
Jun 27, 2012
Currency Exchange Loss:
Sep 17, 2013