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Magdan
Magdan is a 35-year-old farmer from village Dzevri, Imereti Region, West Georgia. She is married and lives with her husband Temur, her parents and two sons – 8-year-old Luka and 7-year-old Saba. Both children go to school. Magdan, Temur and Magdan’s father are involved in family agricultural activities. Magdan’s mother works as a waitress in a local pub.

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.

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 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.

About Georgia

  • $6,100
    Average annual income
  • 86
    View loans »
    Georgia Loans Fundraising
  • $7,706,100
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Magdan to purchase renovation materials for their kitchen and pay the workers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2011
Listed
Jun 9, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012