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Nunu
Nunu is from the village Varkhani. She is 50 years old, married, and lives with her husband, Merab, two sons (27 and 26 years old) and a daughter-in-law.

The family is busy with an agricultural business. They have a small dairy farm. Milk is used for cheese production, which is sold locally. Along with the dairy, Nunu trades second-hand clothes. She purchases clothes at a wholesale price and then sells them in her shop and nearby villages at a retail price.

Nunu requested credit for purchasing seasonal clothes for resale. She will offer a wide assortment of the clothes to the customers and increase her sales, and, consequently, her profit. She will reinvest part of the profit in the same business, and the other part will be used for improving family living conditions.

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
  • 78
    View loans »
    Georgia Loans Fundraising
  • $7,714,400
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Nunu to purchase clothes for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 13, 2011
Listed
Oct 11, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012