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Nani
Nani is from a village of Samegrelo Region. She lives in a small village with her husband, Elguja, a 13 year-old daughter, an 11 year-old son, and her parents-in-law. The children go to school. Elguja works as a mechanical engineer on a local TV tower. Nani is leading the agricultural business of the family. In particular, she runs a family owned farm with 2 milk cows, 4 calves and a pig. Nani produces on average 40 kg of cheese per month. She sells cheese and piglets (on average 10 piglets per year) on the open market of the nearby town. Along with the above mentioned, the family owns 1 hectare of agricultural land. Elguja and Nani grow maize on this plot. About half of the harvested corn is used by the family for feeding the domestic animals, and the rest is sold locally. Total average monthly income of the family is 700 Laris.

Nani requested a loan for purchasing an additional milk cow. She will get more milk and will be able to increase production and sales of cheese by 50%. It will have a positive impact on the family income. Nani plans to use the increased income for improving the living conditions of the family, especially the children.

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

  • $6,100
    Average annual income
  • 38
    View loans »
    Georgia Loans Fundraising
  • $7,802,825
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Nani to purchase a milk cow.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 8, 2012
Listed
May 15, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013