Stepane is leading the agricultural farm of the family. They have a 1. 5-hectare plot of land where they grow different types of vegetables, in particular cabbage, cauliflower, beets and some others as well. The harvested vegetables are sold locally. Manana works as a baker in a bakery. Her monthly salary is 250 Georgian Laris.
With the requested loan amount, Stepane and Manana plan to renovate their house because it is old and is in bad condition. The renovation will create better living conditions for the family.
About LLC Micro Finance Organization CredoLLC 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.
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Success!! The loan was 100% repaid