Funded

Total loan: $625
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Alexander

Georgia
Marani, Georgia / Personal Housing Expenses

A loan of $625 helped to purchase construction materials for house renovation.


Alexander's story

Alexander is 40 years old. He is unmarried and lives with his mother in the village of Marani in West Georgia. Alexander’s mother is retired. As a family living under the poverty level, they receive state social assistance on a monthly basis.

Alexander’s profession is house-painting. He works in the village, if there are relevant orders. Also the family has 2 milk cows. Alexander’s mother produces and sells 40 kg of cheese per month. They own a 1 hectare maize corn-field and sell 800 kg maize each season. The total average monthly income of the family is approximately 400 Laris.

Alexander plans to marry in the near future, which is the main reason why he decided to renovate his house and make it more comfortable for a just married couple. With the requested credit he will purchase construction materials and will renovate the house himself.



Loan details

Loan length:

14 months
Disbursed date: July 11, 2011
Facilitated by Field Partner: LLC Micro Finance Organization Credo

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: July 11, 2011
Facilitated by Field Partner: LLC Micro Finance Organization Credo