Nana works as an accountant in a local private company. Her brother serves in the country’s army. Nana’s sister-in-law is a housewife. Along with her main job, Nana is actively involved in the family agricultural business. They run a small dairy farm with four cows. Nana and her sister-in-law produce cheese and sell on average 60 kilos of this product on the local open market. The total average monthly income of the family is 900 Laris.
Though the family members work hard, their income still isn’t enough to save for the renovation of their house, which is old and needs repair. Nana requested credit for its renovation. After using the credit according to the predetermined purpose, the family will be able to improve their living conditions and spend their evenings after hard work days in a better, cleaner environment.
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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