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Shalva is 30 years old. He lives in a small village in Martvili District with his mother – Zhuzhuna. Shalva is busy with agricultural business. In particular, he has a livestock and a plot of land, where nuts are grown. He is very hard working man and takes good care to his livestock and agricultural land. Along with his agricultural activities he is busy with production of furniture. He produces sofas and arm-chairs and sells them in Kutaisi and Khoni. Total average monthly income of the family is 400 Lari.

Shalva requested a loan to expand his business. He wants to purchase necessary materials and will produce sofas and arm-chairs. This will increase the income of the family. With increased income he will be able to reinvest in his business in order to expand it and make more profitable. As a result of the above mentioned activity, Shalva will be able to create better living conditions for the family.

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
  • 28
    View loans »
    Georgia Loans Fundraising
  • $8,567,900
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Shalva to purchase necessary materilas for production of sofa and arm-chairs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 11, 2012
Jul 22, 2012
Currency Exchange Loss:
Aug 17, 2013