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.
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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