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Mamuka
Mamuka, 42 years old, is from the Tskaltubo district of West Georgia, where he lives with his wife, parents and two children. Mamuka’s parents are provided with a retirement pension. The family is involved in an agricultural business. In particular, they run a small dairy farm of one calf and 2 cows, whose milk is used in cheese products. The cheese is sold at the local open market. Mamuka also grows maize and nuts on the family-owned land and sells the harvested products for a good price. The family has a pig and sells piglets seasonally. Mamuka also works locally as an artisan, earning a service fee.

According to the government’s estimation, the family belongs to the vulnerable poor category and gets a pension from the local government. Mamuka wants to make some improvements and repairs to his old house but does not have enough money to do so. Therefore, he is requesting a loan to cover the costs of house repairs, such as changing windows, painting, etc. This loan will enable Mamuka and his family to have suitable home conditions and to enjoy living in their house.

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
  • 45
    View loans »
    Georgia Loans Fundraising
  • $7,014,025
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Mamuka to renovate the house.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 7, 2012
Listed
Nov 19, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014