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Makvala
Makvala is 67 years old. She lives in Tskaltubo District with her family, a 45 year-old son and two grandsons (18 and 19 years old). Her elder grandson is a student and the younger one goes to school. Makvala is retired and she gets monthly income. She runs the dairy farm owned by the family. They have 3 milk cows. Makvala produces cheese and sells it at the local open market. Her son is a worker. Total average monthly income of the family is 650 Laris.

Makvala requested credit for renovation of the house, as it is old and the living conditions of the family are very poor. After a couple of months, they will finish the renovation and have a better environment in the house to have proper rest after hard-working days.

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

  • $4,600
    Average annual income
  • 94
    View loans »
    Georgia Loans Fundraising
  • $7,302,200
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Makvala to purchase materials for house renovation.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 10, 2012
Listed
Apr 28, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013