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Margalita
Margalita is from the village Khandaki, East Georgia. She is 56 years old and lives with her 21 year-old son in the village. Margarita’s son works in a local bread factory. Margalita earns a living through agricultural activities. In particular, she has 2 milk cows and 5 calves. Margalita produces cheese and sells 30 kg of cheese monthly in Tbilisi (capital city of the country). She will sell calves in spring, when they are already grown. Total average monthly income of the family is 800 Laris.

Margalita requested a loan for purchasing feed for cows and calves for the winter months. She will purchase quality natural food and will count on a high yield of milk during the winter season, which will have a positive impact on family income and 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

  • $4,600
    Average annual income
  • 48
    View loans »
    Georgia Loans Fundraising
  • $7,020,400
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Margalita to purchase feed for cows and calves.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 4, 2011
Listed
Nov 22, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012