Update on DemurDemuri is from Kvareli district, Kakheti Region. He is 40 years old and lives with his wife and a child. The family earns their living through an agricultural business. In particular, Demuri runs an animal husbandry business. He buys piglets, raises, fattens them and sells them at a higher price. He works hard, but still doesn’t have enough income to make some savings and improve the living conditions of the family.
He requested a loan to renovate the house. His existing house is old and damaged. Demuri 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. Demuri hopes for your help and kindness.
Previous Loan DetailsDemur is 39 years old. He is married and lives in a small village in the Kakheti Region with his wife Dali and eight-year-old son Tengiz, who attends school. Demur is the sole income provider in the family. He is employed as a worker in a local sawmill. His salary is 400 laris per month. Acc... More from Demur's previous loan »
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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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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