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Lela
Lela is 47 years old; she is married and lives in a small village of Mtskheta District with her family: her husband Loseb and her mother-in-law, who is a pensioner.

The family earns its living through an agricultural business. They have two milk cows and produce cheese. They sell cheese on the local open market. Along with the agricultural business, Loseb works in construction. The family's average monthly income is 500 Lari -- which is hardly enough even for food for the family of three.

Lela requested a loan to repair the bathroom. She will purchase construction materials and do the repair. It is very important for the family to improve the sanitary conditions in the house. With this loan, Lela will be able to improve living conditions for the 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

  • $4,600
    Average annual income
  • 54
    View loans »
    Georgia Loans Fundraising
  • $6,854,250
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Lela to purchase construction materials for her bathroom.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 13, 2012
Listed
Jul 20, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013