Funded

Total loan: $925
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Neli


A loan of $925 helped to purchase a cow.


Neli's story

Neli is 56 years old. She lives in a small village of the Samtredia district. Neli is actively involved in agricultural activities and has bee hives and colonies that produce honey which she sells. She also has a plot of agricultural land where she grows maize, haricot, and nuts. Neli always has high quality products which she sells to local retailers for a good price. As the family has only seasonal income, she decided to start dairy farming and she has been seeking loans from local financial institutions. Neli’s attempts have been unsuccessful because of her poor living conditions.

Neli is requesting a 1,500 GEL loan to purchase a cow. Her loan has been approved under the framework a startup program that is a joint initiative between Kiva and Credo. This program enables the rural poor and inexperienced to get loans for starting or re-starting businesses. Once she has purchased her cow, Neli will start producing dairy products such as cheese and yogurt to sell. Her new business initiative will give her the chance to have financial stability and a monthly income.



Loan details

Loan length:

19 months
Disbursed date: August 30, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo

Lenders and lending teams



Loan details

Loan length:

19 months
Disbursed date: August 30, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo