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Madlena
Madlena is 38 years old. She lives in a small village in the Sighnaghi district with her two sons, who are 16 and 19 years old. The younger son studies in the local school and the elder serves in the Army. Madlena runs an agricultural business. She has milking cows and produces cheese. Madlena sells cheese in her village. The total average monthly income of the family is 300 Laris, which is hardly enough for food for a three members of the family.

Madlena requested a loan for purchasing piglets and feed for them. She will purchase feed for piglets and hay for cows, which will be used for feeding the cattle during the fall and winter seasons. Hay is cheap now and the price increases by 30-40% in the fall months. Madlena saves significantly on the costs of feeding the cattle. She will raise piglets and sell them after several months with a price mark-up. This will help her to increase her agricultural business and improve the living conditions of the 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

  • $4,600
    Average annual income
  • 95
    View loans »
    Georgia Loans Fundraising
  • $7,302,200
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Madlena to purchase piglets and feed for livestock.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 31, 2012
Listed
Aug 12, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013