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Elene
Elene lives in the Kaspi district of East Georgia. She is 56 years old and lives with her husband, son, daughter-in-law and an infant granddaughter. Her son and husband serve local people as taxi drivers and get monthly income. Elene runs an agricultural business. In particular, she has a calf and two milk cows. She milks the cows every day and produces dairy products, which are sold in the nearby district. Elene is a very hard-working person, with a rich experience in her work.

Elene requested a loan to purchase a truck. Her husband will use the truck to take wood from the forest and sell it in their local village, as well in nearby villages. This will increase the family income during the winter season. The increased profit will be reinvested in the family agricultural activities, and all members of the family will 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
  • 61
    View loans »
    Georgia Loans Fundraising
  • $6,854,250
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Elene to purchase a truck to haul wood to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 5, 2012
Listed
Oct 26, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2013