Funded

Total loan: $3,000
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Teimuraz

Georgia
Bolokiani, Georgia / Farming

A loan of $3,000 helped to purchase a tractor.


Teimuraz's story

Teimuraz is a 59-year-old married man. He lives with his wife, son and daughter-in-law in a small village of Lagodekhi district, eastern Georgia. Teimuraz runs an agricultural business. He owns three hectares of agricultural land, where he grows maize, eggplants and cabbages. He always has high quality produce, which is sold to local retailers.

Teimuraz has been involved in this business for nine years. He decided to purchase a tractor and get an additional source of income. Teimuraz requested a loan and the Start Up program which is joint initiative with Kiva and MFO Credo gave him a chance to get a loan of $ 3000 for purchasing a tractor. He will use the tractor for cultivating his land, as well as to renting it out to local people to get additional income. The Start Up program will be a great support for his family.



Loan details

Loan length:

16 months
Repayment schedule: Irregularly
Disbursed date: August 22, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo

Lenders and lending teams




Loan details

Loan length:

16 months
Repayment schedule: Irregularly
Disbursed date: August 22, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo