The family's main source of income is agriculture. They have three milk cows and make cheese, which is sold on the local market to local dairy products retailers. The family also owns two hectares of land where they grow maize, nuts and vines. Teimuraz sells the products he harvests on the local market. In addition, Teimuraz owns a tractor. Local farmers hire him to till their land which provides him with additional income. The total average monthly income of the family is 1,000 Laris.
Teimuraz has requested a loan to renovate the family home. It is old and in bad condition. After the renovation, the family will have better living conditions.
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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