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Elza is from a small village of Khobi District, West Georgia. She is married and lives with her family: husband – Zviad and three sons (17, 15 and 13 years old). All three children go to the local school.

Elza and Zviad earn their living through the agricultural business. They have a dairy farm with 4 milk cows and 3 buffaloes. Elza produces cheese and sells, on average, 90 kg of this product at the local open market. Also, the family has 3 pigs on the pig farm. They sell, on average, 20 piglets per year.

Zviad cultivates a 1.5 hectare piece of land, where he grows maize and sells it at the local open market as well. Elza and Zviad work hard in their farm. They spend most of their days on their farm. Total average monthly income of the family is 1000 Laris.

Elza has requested credit for purchasing 2 additional milk cows. With 6 milk cows, she will be able to increase production and sales of cheese by 50%. With increased production, it will mean, on average, 300 Laris increase in their average monthly income. Elza plans to make some savings to renovate the house, as it is old and uncomfortable. After the renovation, the family will be able to have a well-deserved rest in a better environment.

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
  • 38
    View loans »
    Georgia Loans Fundraising
  • $8,314,800
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,550 helped Elza to purchase two milk cows.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Apr 6, 2012
Apr 30, 2012
Currency Exchange Loss:
Aug 17, 2013