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Irene
Irene comes from the village of Minadze, Akhaltsikhe District. She lives with her two sons (15 and 20 years old) and mother-in-law (74 years old). Irene works as a cook in the local military office. Her salary is 155 Laris per month. Her younger son goes to school and the elder one serves in the army as a contractor. Along with her regular job, Irene also leads the agricultural business of the family: She cultivates 0.5 ha of the family-owned land and grows potatoes and other vegetables. Harvested products are sold locally. In addition, the family owns three milk cows and two calves. Irene produces traditional Georgian cheese from the gathered milk and sells it in the village.

With the requested loan, Irene will purchase calves to raise and sell in the fall for a higher price. The increase in profits will be used for equipping their house with new household goods, in order to make it comfortable.

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
  • 41
    View loans »
    Georgia Loans Fundraising
  • $7,800,275
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Irene to purchase calves.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 11, 2011
Listed
Jun 3, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2012