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Lena
Lena is 67 years old. She lives in Sagarejo District with her husband Merlen. Both Lena and Merlen are retired. Along with the pension they get from the government, the main source of the income for the family is the dairy farm, owned by the family. They have 3 milk cows. Lena produces cheese and sells it on the local market to dairy product retailers. Total average monthly income of the family is 1,000 GEL, including their monthly pension.

Lena requested credit for purchasing calves. Lena will place calves in an existing cattle-shed. She will raise them for 5-6 months and sell the grown calves in early fall. The family will get additional profit. Lena plans to use increased income for renovation of the house, which is already old and needs some make-up.

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
  • 85
    View loans »
    Georgia Loans Fundraising
  • $7,560,775
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Lena to purchase calves.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 30, 2012
Listed
Apr 23, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012