The main source of the income for the family is agriculture. They own 4 milk cows and 8 calves. The family sells milk, yogurt and cheese in Tbilisi (the capital city of Georgia). The family also sells besom which they make. the total average monthly family income is 1000 Laris.
David requested credit to build a house roof. The family has constructed a new house which needs a roof. When it is finished, David’s elder son (married) will move into it with his family. They will have more space and better living conditions for the children and the whole 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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