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Gulsunda
Gulsunda is from the Kvareli district of East Georgia. She is 64 years old and lives with her husband. Both family members are provided with retirement pensions. The family runs an agricultural business. In particular, they own a calf and a milk cow, whose milk is used in dairy products. Gulsunda produces yogurt and sells it locally. Also, they have a vineyard and a plot of land, where maize is grown. The family completes all relevant agricultural works to ensure a good harvest. They produce wine and sell the agricultural products at the local open market. Gulsunda works hard, but she still doesn’t have enough income to build her savings and improve the living conditions of her family. She has requested a loan to renovate her house. Her existing house is old and damaged. Gulsunda will purchase building materials and repair her home. Then, the living conditions of her family will be improved and they will be able to spend their evenings after a hard working day in a more comfortable environment. Gulsunda 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
  • 79
    View loans »
    Georgia Loans Fundraising
  • $6,884,900
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Gulsunda to renovate her house.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 16, 2012
Listed
Oct 24, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013