Karapet and Tamara manage the agricultural business of the family. In particular, they have milk cows and produce cheese, which is sold at the local market. Also, the family grows potatoes on a family-owned plot of land. The potatoes are also sold locally.
Karapet requested credit for purchasing a house in his village. The house will be used by Karapet’s sons when they marry. The family's existing house is too small and can’t hold more people.
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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