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Leila
Leila is 28 years old. She lives in Gardabani District, East Georgia with her family: husband – Nikoloz and two daughters (12 and 7 years old). Both children go to school. Nikoloz is a painter and works in a private company as painter-designer. He gets a monthly salary. Leila runs a family-owned dairy farm with two milk cows. She milks cows twice a day and produces cheese. Twice a week she takes cheese to an open market in Tbilisi (capital city of the country). Total average monthly income of the family is 800 Laris.

Leila requested credit for purchasing calves. She will feed them for 6 months and sell grown calves in late fall for a higher price. The family will get additional income. Leila plans to reinvest it in the same business to expand the family farm and make it more profitable. In the long term, the income of the family will increase and they will be able to improve family 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

  • $6,100
    Average annual income
  • 73
    View loans »
    Georgia Loans Fundraising
  • $7,714,400
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Leila to buy calves.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 8, 2012
Listed
May 19, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013