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Elizaveta is from Bolnisi district and lives with her husband, daughter and a son. Elizaveta’s husband works as an artisan and her daughter as a teacher at the local school. They get monthly income. The family is involved in agricultural business, they have a vineyard and produce wine and vodka. They sell their agricultural production locally. In addition, Elizaveta runs a small dairy farm with 2 milk cows whose milk is used for cheese production. She sells cheese at the supermarket, where she works as a saleslady and gets a monthly salary as well.

Elizaveta requested credit for purchasing 2 additional milk cows. She plans to expand the dairy farm through adding additional cows, but the existing cattle shed doesn’t allow her to implement this plan. So, the part of the loan will be used for purchasing building materials for a new cattle shed. Elizaveta will be able to double production and sales of cheese. The income of the family will significantly increase. All members of the family will be able to 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

  • $6,100
    Average annual income
  • 39
    View loans »
    Georgia Loans Fundraising
  • $8,091,775
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,425 helped Elizaveta to purchase milk cows and build a cattle shed.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 7, 2012
Sep 16, 2012
Currency Exchange Loss:
Dec 20, 2013