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Alexander
Alexander is 40 years old. He is unmarried and lives with his mother in the village of Marani in West Georgia. Alexander’s mother is retired. As a family living under the poverty level, they receive state social assistance on a monthly basis.

Alexander’s profession is house-painting. He works in the village, if there are relevant orders. Also the family has 2 milk cows. Alexander’s mother produces and sells 40 kg of cheese per month. They own a 1 hectare maize corn-field and sell 800 kg maize each season. The total average monthly income of the family is approximately 400 Laris.

Alexander plans to marry in the near future, which is the main reason why he decided to renovate his house and make it more comfortable for a just married couple. With the requested credit he will purchase construction materials and will renovate the house himself.

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
  • 37
    View loans »
    Georgia Loans Fundraising
  • $7,796,600
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Alexander to purchase construction materials for house renovation.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 11, 2011
Listed
Jul 23, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012