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Elene
Elene is 44 years old. She lives in a small village of the Khoni district with her two children. She is a widow. She had to deal with great difficulties throughout her life, but her determination to get ahead has always allowed her to overcome them and continue progressing with her family.

Elene runs an agricultural business. She has a milking cow and produces cheese every day. Elene sells cheese on the local open market. She is busy with farming also. She has one hectare of land where she grows maize. Part of the harvested maize is used by the family and the other part is sold on the local open market. The total average monthly income of the family is 430 GEL.

Elene requested a loan for purchasing a milking cow. She will be able to produce and sell more cheese. Thus, she wants to expand her business in order to earn a good profit. With increased profits, she will be able to reinvest in her agricultural business, as well as spend more on the family’s daily needs and 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

  • $6,100
    Average annual income
  • 38
    View loans »
    Georgia Loans Fundraising
  • $7,807,625
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Elene to purchase a cow.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2012
Listed
Jun 19, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012