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Elene is 50 years old. She lives in a small village in Bolnisi District with her family: husband George, and 27-year-old daughter. Her daughter has chronic health problems and gets a relevant pension from the local government. Elene and her husband are involved in the family business together. They work hard but their income is not enough to cover living expenses. They still live in poverty. They have a milking cow and a calf. Elene makes cheese every day and sells it on the local open market. They own 0.8 hectares of land, where wheat and maize are grown. Harvested products are sold on the local open market as well. Total average monthly income of the family is 500 Lari.

Elene requested a loan for purchasing a milking cow. She will be able to produce and sell more cheese. Thus, she wants to expand her business in order to earn a good profit. With increased profits, she will be able to reinvest in her agricultural business, as well as spend more on the daily needs of the family. As a result of the above mentioned, activities and living conditions of the family will be improved.

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 $625 helped Elene to purchase a cow.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 12, 2012
Jun 24, 2012
Currency Exchange Loss:
Jul 17, 2013