Funded

Total loan: $3,000
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Aluda


A loan of $3,000 helped to purchase a mini-bus for distribution of bakery products.


Aluda's story

Aluda is from the village of Maghlaki, West Georgia. He is thirty-eight years old and lives with his family: his wife – Rosa, two sons (10 and 8 years old) and his parents who are retired. The only source of the income for the family is a dairy farm. Rosa produces and sells cheese on the local market. The total average monthly income of the family is 600 Laris, including the pensions of Aluda’s parents.

Aluda requested credit for re-starting a family business. The family has a small bakery, which used to be used for production of confectionery products. The problem which caused the bakery to close a couple of years ago was the lack of clients in the village. If Aluda could take the products to neighboring districts and villages, he could sell them.

Aluda requested credit to purchase a small mini-bus to transport the bakery products. He will sell them to the grocery shops in nearby villages. Also he will sell through the same channels their cheese for a higher price.

Starting up this business again will significantly increase the income of the family. They will be able to purchase additional household goods, to improve their living conditions.



Loan details

Loan length:

27 months
Disbursed date: January 31, 2012
Facilitated by Field Partner: LLC Micro Finance Organization Credo

Lenders and lending teams



Loan details

Loan length:

27 months
Disbursed date: January 31, 2012
Facilitated by Field Partner: LLC Micro Finance Organization Credo