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Margo
Margo is from the village of Marani. She is 47 years old and lives with her husband and two children. Margo’s husband works as a teacher at the local school and gets a small monthly salary. The family earns their living through an agricultural business. They are involved in the animal husbandry business and have four milk cows, whose milk is used to make cheese products. They sell approximately 70 kg of cheese per month. In addition, Margo grows nuts on the family-owned land. She does all relevant agricultural work to ensure a good harvest. The family also has three pigs and sells on average 36 piglets per year. Margo is a very hardworking person, with a rich work history. She requested a loan to purchase a milking cow which will enable her to produce and sell more cheese. She wants to expand her business in order to earn a good profit. With increased profits, she will be able to reinvest in her agricultural business, as well as spend more on the family’s daily needs and improve 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
  • 44
    View loans »
    Georgia Loans Fundraising
  • $7,020,400
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Margo to purchase a milk cow.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 8, 2013
Listed
Jan 15, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014