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Magdana
Magdana is 33 years old. She lives in Khobi district with her husband Tornike, mother-in-law and two children who are going to school. The family owns three milk cows, a calf and a pig. She milks the cows to make cheese. The family also owns an agricultural plot of land where they grow nut trees and sow maize. Tornike harvests products to sell with the cheese locally at the markets. They get a small monthly income which is not enough to feed a five-member family. Magdana plans to purchase a tractor with the requested loan. Her husband Tornike will use it to till their plot, and this will reduce tilling costs. He will also use the tractor on neighbors’ plots and get additional income. Magdana plans to reinvest the profit in her agricultural activities as well as improve the living conditions of the family.

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
  • 88
    View loans »
    Georgia Loans Fundraising
  • $7,692,575
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Magdana to purchase a tractor.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2013
Listed
Mar 13, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2013