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Sofio is 32 years old. She is married and lives in a small village of Khoni District with her family: husband – David, parents-in-law and two children (8 and 10 years old). Both of the children go to the local school. Her father-in-law is a construction worker and gets service fee for the work. Sofio and David are busy with agricultural business; they have a milking cow and a pig. Sofio milks the cow twice in a day and produces cheese. They also, have an agricultural land, where nut and maize are grown. They sell cheese, harvested products and pigs on the local open market. Along with agricultural business Sofio is busy with sewing. She has her own sewing workshop and gets orders. Total average monthly income of the family is 750 Lari. They work hard, but their income is hardly enough for food for six members of the family.

Sofio requested a loan to expand her agricultural business. She will purchase pigs and will grow them. Grown pigs will be sold for a good price. This will increase the income of the family. The profit earned from the business will be used for further expansion of the family’s rural activities. Taking into account the above mentioned, living conditions of the family 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
  • 40
    View loans »
    Georgia Loans Fundraising
  • $8,314,800
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Sofio to purchase piglets.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jun 28, 2012
Jul 22, 2012
Currency Exchange Loss:
Aug 17, 2013