Dimitri works as a provider in a village store. He gets a salary for his job. Dimitri’s family also owns three milk cows. The milk is used for cheese production. The cheese is sold in the store where Dimitri works. Dimitri’s sister works as a salesperson in a supermarket in the same village. The total monthly income of the family is 650 Laris.
Last year, Dimitri received a loan from Credo, part of which was used for starting renovation of his house. The other part was used for expansion of his dairy farm. Now Dimitri received a second loan from Credo. He plans to use it for finalizing the renovation of the house. His family is happy, because finally they will have a renovated house and better living conditions.
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