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Inga
Inga is 42 years old; she lives in a small village with her family: her husband, two sons (21 and 23 years old), daughter-in-law and mother-in-law. The family runs an agricultural business; in particular, they have 3 milking cows and a calf. Inga is a very hard-working woman; she keeps the livestock in good conditions and takes good care of them. She is busy with farming also: she has 1 hectare of land where she grows 1,000 vine trees and nuts. She sells the harvested products at the local open market. The total average monthly income of the family is 1,000 Lari.

Inga requested a loan to purchase agricultural machinery and tools. She will be able to cultivate more land at a decreased cost and get more profit. Also, Inga will be able to rent the purchased machinery out to neighbor farmers and get additional income. With the increased profit, she will be able to reinvest in the family agricultural business. Thus, she wants to expand her business in order to make the desired profit. Due to the above mentioned, their living conditions will be improved.

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
  • 47
    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 Inga to purchase agricultural machinery and tools.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 11, 2012
Listed
May 26, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012