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Lamara
Lamara is 62 years old. She lives in a village of Zestaponi District with her husband – Gurti. Lamara and Gurti are retired. They earn a living through the family agricultural business. In particular, they have a small dairy farm with three milk cows and five calves. Lamara produces cheese and sells it on the local open market. Also Gurti is a worker in the village. Total average monthly income of the family is 500 Laris.

Lamara requested credit for purchasing construction materials for construction of a new, bigger cattle-shed. Their existing cattle-shed doesn't have room for more than three milk cows. The new cattle-shed will allow Lamara not to sell off calves but raise them. As a result of the above-mentioned, in the future the family will have more milk cows and thus get more milk for cheese production. The income of the family will increase and they will be able to purchase additional goods for their household, to 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
  • 55
    View loans »
    Georgia Loans Fundraising
  • $7,148,425
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Lamara to purchase construction materials for cattle-shed construction.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2012
Listed
Apr 14, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013