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Elmira is 55 years old. She lives in the village of Tbiltskaro, West Georgia with her nephew. Elmira and her nephew earn a living through agriculture. Elmira makes besoms (brooms) and sells them at the local open market. Along with the above-mentioned business, Elmira earns income through trading clothing. She purchases clothing at wholesale markets and sells it n the village on the open market. The total average monthly income of the family is 800 Laris.

Elmira requested a loan for purchasing additional clothing. She will increase the assortment and her turnover will grow. Elmira will earn more. She will use the increased income for improving the family 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

  • $6,100
    Average annual income
  • 42
    View loans »
    Georgia Loans Fundraising
  • $8,572,225
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Elmira to purchase clothing for resale.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Feb 28, 2012
Mar 7, 2012
Currency Exchange Loss:
Apr 17, 2013