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Madlena
Madlena is from the Khelvachauri district, West Georgia. She is 38 years old and lives with her parents, husband and three children (14, 17 and 19 years old). Her father is a pensioner, her mother works as a cleaner and her husband is an artisan, all receiving a monthly income. Madlena is involved in agricultural activities. In particular, she owns a plot of land, where she grows different kinds of fruits and vegetables. Madlena sells her agricultural products at the local open market. In addition, she runs a small dairy farm and has a milk cow. Madlena milks the cow twice a day and produces yogurt, which is sold locally.

Madlena has applied for this loan to increase her number of cattle by purchasing milk cows. This will allow Madlena to receive more milk for her dairy and increase her sales, which provide her main income. This will give her an opportunity to improve her family's living conditions and ensure a better future for them.

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
  • 88
    View loans »
    Georgia Loans Fundraising
  • $7,692,575
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Madlena to purchase milk cows.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 3, 2012
Listed
Sep 14, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013