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Madona
Madona is 49 years old. She lives in the village Kvishilori with her husband, Guram, and their son Abessalom, who is 30 years old. Although Abessalom has health problems and receives a pension from the government, he still helps with the family’s farming activities.

Madona is the leading businesswoman of the family. She grows flowers in her garden and sells them in Tskaltubo, a nearby town. She also has two milk cows and produces cheese to sell at the same market. The average income of the family is 375 GEL.

Madona is requesting a loan to expand her dairy farm and purchase a milk cow which will help increase her cheese production by 50%. This will significantly increase the family’s income. Once she has more income, Madona plans to renovate her house as it is old and needs improvement.

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

  • $4,600
    Average annual income
  • 96
    View loans »
    Georgia Loans Fundraising
  • $7,365,125
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Madona to purchase a milk cow.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 9, 2011
Listed
Aug 17, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012