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Lena is 55 years old. She lives in a small village of Telavi District with her family: 22-year-old daughter, Sopiko, and a sister who is a pensioner.

Lena is busy with trading. She sells seasonal clothes for women, men, and children. She sells them from home. Her daughter helps her in her business. She buys all her merchandise in the capital.

Lena has been carrying out this activity by herself for more than five years and has become well-known and has been increasing the number of her regular customers. Because of high demand for her products, she often sells out everything she has available.

She works hard but still doesn’t have enough income to make some savings for purchasing additional needed household goods or renovation of the house. The total average monthly income of the family is 400 Lari.

Lena requested a loan to repair the roof of the house, which was damaged because of high snow. With this loan, she will be able to repair the roof.

Also, she plans to make some savings in the future to renovate the house and purchase furniture in order to make their life in the village more comfortable.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Georgia

  • $6,100
    Average annual income
  • 44
    View loans »
    Georgia Loans Fundraising
  • $8,648,750
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Lena to repair the roof of the house.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 6, 2012
Jun 21, 2012
Currency Exchange Loss:
Aug 17, 2013