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Meri
Meri is 30 years old. She lives in Shalauri village, Telavi district with her parents, brother, aunt and retired grandmother. Meri is trading in adornments. She buys at wholesale prices from the market and sells with a price markup among her villagers.

The family has a milk cow and a calf. Meri’s father milks the cow to make dairy products and sells them locally at the markets. Her brother is trading with vegetables to earn a small monthly income. Her mother is working in the kindergarten as a cook. In addition, Meri’s aunt has a social pension from a government institution, as she is an invalid.

Meri requested a loan for purchasing a stock of adornments. After she has a bigger stock, she will be able to offer better choices to her clients. This will increase her income and give Meri the opportunity to help her family and provide better living conditions for them.

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
  • 32
    View loans »
    Georgia Loans Fundraising
  • $7,796,325
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Meri to purchase a stock of adornment.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 7, 2013
Listed
Mar 24, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014