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Elena
Elena is 58 years old. She lives in the village of Ilemi, West Georgia, with her husband Omar and sister in law. The latter gets social assistance for socially vulnerable people from the government. Elena and Omar are running a family agricultural business, which is the only source of income for the family. They have two milk-producing cows, through which they make cheese and sell on average 40 kilograms of cheese per month in the local market. They also have 20 sheep and they sell lamb as well as cheese produced from sheep milk.

Elena is requesting credit for purchasing a dairy cow. The family will be able to increase production and sales of cheese by 50%. And this will help raise the family income and improve their 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
  • 98
    View loans »
    Georgia Loans Fundraising
  • $7,213,575
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Elena to purchase a milk-producing cow.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 12, 2012
Listed
Feb 5, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012