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David
David is a 58-year-old farmer from the village Kumisi, East Georgia. He is married and lives with his family: wife Evgenia, 2 sons (28 and 22 years old), daughter-in-law and 2 grandchildren.

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.

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
  • $7,812,050
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,525 helped David to build a roof.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2011
Listed
Dec 1, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012