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Marekh
Marekh is 52 years old. She lives in Mtskheta District with her family: a 30 years old son and a 14 year old granddaughter. The granddaughter goes to school. The family earns a living through the dairy business. They have 4 milk cows and 7 calfs. Marekh produces cheese and sells, on average, 80 kg of this product locally to dairy products retailers. The total average monthly income of the family is 400 Laris.

Marekh has requested credit for the start-up of a small pig farm. She will purchase piglets and raise them. In 8-9 months Marekh will already have piglets to sell. Also, a small part of the credit will be used to cultivate land for sowing alfalfa. The alfalfa will be used for feeding cows during fall and winter periods. Start-up of a new business initiative will bring additional income to the family. They will be able 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
  • 39
    View loans »
    Georgia Loans Fundraising
  • $7,020,400
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Marekh to purchase piglets and to rent a tractor for land cultivation.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 23, 2012
Listed
Apr 25, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013