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Oksana
Oksana is from the village of Kumurdo. She lives with her mother-in-law and sister-in-law in the village. All of her family members are involved in the family's agricultural business, which is the only source of income for the family. They have a dairy farm with four milk cows. Oksana produces cheese and sells it in the local market. The family also owns 2.5 hectares of land, where they grow potatoes, wheat, and barley. They sell their harvested products locally to greengrocery wholesalers in the village. The total average monthly income of the family is 800 Laris.

Oksana requested credit for purchasing quality potato seeds. She will sow good quality potatoes, which can be sold for higher prices to create more income for the family. Oksana plans to reinvest part of the received income in the same business, to sow more potatoes. Part of the income will also be used for financing the family's daily needs.

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
  • 41
    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 $1,200 helped Oksana to purchase potatoes for sowing.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 2, 2012
Listed
Mar 7, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012