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Ludmila is a 63-year-old woman. She lives in a small village in the Terjola District with her husband, Levan. They run a dairy farm with three milk cows. Ludmila milks the cows twice a day and sells the milk on the local open market. They also have a vineyard and produce wine, which is sold in nearby villages. Along with the agricultural business, Ludmila is busy with trading. She has a grocery store in her village.

Ludmila requested a loan for purchasing stock for her store. She will offer the customers a big assortment of products. Thus, the income of the family will increase. With the increased profit she will be able to improve the living conditions of her family.

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
  • 40
    View loans »
    Georgia Loans Fundraising
  • $8,073,000
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD
A loan of $1,525 helped Ludmila to purchase stock for her grocery store.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jun 29, 2012
Jul 13, 2012
Currency Exchange Loss:
Aug 12, 2012