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Lali
Lali is from the village of Matani. She is 56 years old, married, and lives with her husband and 29-year-old daughter. Lali’s husband and daughter work at the local green grocery and get monthly salaries. The family is busy with an agricultural business. They have a small dairy farm. Milk is used for cheese production, which is sold locally. Along with the dairy, Lali is involved in clothing trading. She purchases clothes at a wholesale price and then sells them among her villagers at a retail price.

Lali requested credit to purchase seasonal clothes for resale. She will offer a wide assortment of the clothes to the customers and increase her sales, and, consequently, her profit. She will reinvest part of the profit in the same business, and the other part will be used for improving the family's 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
  • 97
    View loans »
    Georgia Loans Fundraising
  • $7,365,125
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Lali to purchase clothing for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 5, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 20, 2013