Funded

Total loan: $1,825
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Karapet

Georgia
Balkho, Georgia / Personal Housing Expenses

A loan of $1,825 helped to purchase a house in the village.


Karapet's story

Karapet is from the village of Balkho, South Georgia. He is 49 years old and lives in the village with his family: his wife Tamara, two sons who are 19 and 18 years old, an 11-year-old daughter, and his 85-year-old mother. His children go to school.

Karapet and Tamara manage the agricultural business of the family. In particular, they have milk cows and produce cheese, which is sold at the local market. Also, the family grows potatoes on a family-owned plot of land. The potatoes are also sold locally.

Karapet requested credit for purchasing a house in his village. The house will be used by Karapet’s sons when they marry. The family's existing house is too small and can’t hold more people.



Loan details

Loan length:

14 months
Disbursed date: November 10, 2011
Facilitated by Field Partner: LLC Micro Finance Organization Credo

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: November 10, 2011
Facilitated by Field Partner: LLC Micro Finance Organization Credo