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Norair is 48 years old. He is married and lives in a small village in the Akhalkalaki District with his family: his wife, parents, and three children (aged 23, 2, and 1). His parents are pensioners; his wife is a school director with a monthly salary. Norair is busy with his agricultural business. He has 2 milking cows and 3 calves, produces cheese, and sells it locally. He also has some agricultural land. The family's total average monthly income is 500 Georgian laris (GEL).

Norair requested a loan to purchase a tractor. He will cultivate the family's land and sow various vegetables there. After properly performed seasonal work, he hopes to get a good-quality harvest and sell it for a good price. He will also use the tractor to provide seasonal agricultural services to local farmers and charge a service fee for the work. This will significantly increase the family's income, and the increased income will enable Norair to reinvest in the family's agricultural land to expand it and make it more profitable. With all of these activities, the family's living conditions will improve.

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
  • 40
    View loans »
    Georgia Loans Fundraising
  • $8,314,800
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,425 helped Norair to purchase a tractor.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 5, 2012
Jul 23, 2012
Currency Exchange Loss:
Aug 17, 2013