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.
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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Success!! The loan was 100% repaid