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Madona

Update on Madona

Madona is 29 years old. She lives with her parents and husband in the Mukhrani district. The family is involved in agricultural activities. In particular, they have two milk cows, whose milk is used in dairy products. Madona sells dairy products locally as well as in the nearby villages. They also have a plot of agricultural land, where onions are grown. They sell the harvested onions locally at a good price. Madona is a very hard-working young woman and has rich experience in her business. She has requested a loan to purchase piglets and cultivate the land. After purchasing piglets, she will expand her livestock. After cultivating the land, she will sow onions and thus the income of the family will increase. With increased income they will be able to improve their living conditions. Madona awaits your support.

Previous Loan Details

Madona is 28 years old. She is married and lives with her family: her husband Ilia and her parents. The family lives in a village in the Mtskheta district, near the capital city of the country. Ilia works as grader driver in the district and gets a monthly salary. Madona and her parents are inv... More from Madona's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Georgia

  • $6,100
    Average annual income
  • 37
    View loans »
    Georgia Loans Fundraising
  • $7,812,050
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Madona to purchase piglets.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 15, 2013
Listed
Jan 18, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014