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Lali is 49 years old and lives in a small village of Gardabani District with her husband, Nodar. Nodar uses his own car and offers taxi service to the local population and gets service fees. Lali is busy with an agricultural business. She has two milking cows and produces yogurt which she sells in Tbilisi (Capital of Georgia) and on the local open market as well. Total average monthly income of the family 600 Lari.

Lali requested a loan to rent a little building in her village and open a grocery store and also to purchase stock for the store.This will increase the income of the family. With increased income she will be able to reinvest in the family business to expand it to make it more profitable. The living conditions of Lali and her husband will improve.

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
  • 29
    View loans »
    Georgia Loans Fundraising
  • $8,567,900
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Lali to purchase stock for the store.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jun 14, 2012
Jun 20, 2012
Currency Exchange Loss:
Jun 17, 2013