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Natela is 53 years old. She lives in a small village in Kobuleti District with her husband, Nugzar, and her 30-year-old son. The family members earn their living through agricultural business. They run a dairy farm with four milking cows and five calves. They produce cheese and curds. Part of the milk products is used by the family and the other part is sold locally. Along with the above-mentioned activities, the family owns a plot of the land. The family is especially busy with the plot in spring and summer seasons. They grow maize, potatoes and nuts. During spring and summer months, they perform seasonal agricultural works to get a good harvest in late summer. The family sells the harvested product in the local open market. The total average monthly income of the family is 500 Laris.

Natela requested a loan to purchase calves. She will raise them and after one year will have more cows on the farm. She will get more milk and increase her cheese and curds production. It will increase the income of the family. With the increased profit, she will be able to reinvest in the family agricultural business to expand it and make it more profitable. Taking into account the above-mentioned, the living conditions of the family will improve.

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
  • 39
    View loans »
    Georgia Loans Fundraising
  • $8,091,775
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Natela to purchase calves.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 8, 2012
Jun 14, 2012
Currency Exchange Loss:
Nov 15, 2012