The family has a milk cow. Magdan produces cheese and sells weekly 5-6 kilos of it on the local open market. Also they have a vineyard with 950 grape vines. 500 kg of grapes and 600 liters of wine are sold during the season each year. Along with the above-mentioned, they grow potatoes and onions on a family-owned 0.12 ha. plot of land. Approximately 1.5 tons of harvested vegetables are sold on the local open market by Magdan, along with the cheese.
With the requested credit Magdan plans to start renovation of their house. In particular she will purchase materials for kitchen renovation and pay the workers. That will improve the living conditions of the family. In the future Magdan will put aside some savings from the family’s income to renovate the rest of the house.
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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