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Parmen is 37 years old. He lives in Abasha, West Georgia, with his wife and his mother, who is a pensioner. Parmen works as an artisan in his village and gets a monthly income. The family runs a dairy business. In particular, they have 2 milk cows, whose milk is used in cheese production. They sell approximately 40 kg cheese locally in an open market at a good price. Each member of the family works hard to insure a good harvest.

Parmen requested a loan for his wife to buy clothing for resale. His wife plans to purchase clothing from wholesalers and sell it among their villagers as well as in the nearby villages. That will increase the income of the family. With increased income they will improve their living conditions. Parmen and his wife are awaiting 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
  • 44
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Parmen to purchase clothing from wholesalers for his wife to sell among the villagers.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Nov 12, 2012
Nov 17, 2012
Currency Exchange Loss:
Jun 17, 2014