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Tea
Tea is from a village in the Tetritskaro district. She is 39 years old and lives with her husband, mother-in-law and two children (eight and nine years old). The children go to the local school. Tea's husband works as an artisan and gets a monthly income. Her mother-in-law is a pensioner.

The family is involved in an agricultural business. In particular, they have a small dairy farm of seven milk cows, whose milk is used for dairy production. Tea produces Sulguni (Georgian pickled cheese) and sells it in the capital city supermarket. Tea works hard, but the family still doesn't have enough income to make some savings and improve their living conditions.

She requested a loan to renovate the house. The existing house is old and damaged. Tea will purchase building materials and repair it. Then, the living conditions of the family will be improved and they will be able to spend their evenings after a hard working day in a more comfortable environment. Tea hopes for your help and kindness.

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
  • 112
    View loans »
    Georgia Loans Fundraising
  • $7,351,275
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,825 helped Tea to renovate the house.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 3, 2012
Listed
Oct 2, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013