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Irine
Irine is 33 years old, she is married and lives in a small village of Terjola District with her family: her husband, George, two children (six and 11 years old) and her parents-in-law, who are pensioners. Her children study in the village school. George works in construction and earns a service fee for his work. Irine is busy with her agricultural business. She has two milking cows and produces cheese. Some of the cheese is used by the family and the rest is sold locally. Irine and George work hard, but their income is hardly enough for food and everyday expenses for the six members of the family. Irine requested a loan to start-up new business. She plans to purchase household goods and clothing in Tbilisi (the capital of Georgia) and sell them in her village and in nearby villages. As a result, the monthly income of the family would increase and they would be able to expand their businesses and improve their 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

  • $4,600
    Average annual income
  • 78
    View loans »
    Georgia Loans Fundraising
  • $6,884,900
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Irine to purchase household goods and clothing.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2012
Listed
Jul 13, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012