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Nugzar is 35 years old and lives in a small village of Tsalka district. He is married and has three children: 12, 15 and 17 years old. They go to the local school. The main source of income for the family is agriculture. In particular, they own four milk cows, 12 calves and sell cheese locally. Also they have a plot of land where potatoes are grown. Part of the harvested product is sold on the local market.

With the loan received from Credo, Nugzar plans to repair his cattle-shed and purchase an additional milking cow. He plans to expand the dairy farm through adding additional cows, but the existing cattle-shed doesn’t allow him to implement this plan. Once his cattle-shed is larger, he will expand his animal husbandry business and the family’s income from the sale of dairy products will increase. He will reinvest the additional earnings to expand his agricultural enterprise and make it more profitable. Nugzar awaits your support.

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
  • 39
    View loans »
    Georgia Loans Fundraising
  • $8,572,225
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,125 helped Nugzar to repair a cattle-shed and purchase a milk cow.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Aug 14, 2012
Aug 30, 2012
Currency Exchange Loss:
Dec 20, 2013