Funded

Total loan: $2,000
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Makvala

Georgia
Tsinandali, Georgia / Transportation

A loan of $2,000 helped to purchase a truck trailer.


Makvala's story

Makvala is 56 years old and from a village of the Kakheti district. She lives with her husband Eldar. The only source of income for the family is a small plot of land that they own on which they grow vegetables. Makvala sells their harvested vegetables at the local market. The average monthly income of the family is less than 200 Laris which is hardly enough for food.

Makvala is requesting a loan to purchase a truck trailer. Eldar has a truck and he will use the trailer to provide transportation services to local farmers. Makvala will receive her loan from Credo as part of a start-up loan program, initiated jointly by Kiva and Credo. Start-up loans provide business loans and credit at lower interest rates to the rural poor who do not have access to many credit programs as they are regarded as high-risk borrowers because of low income. As a result of this investment, Makvala's family income will significantly increase and the family will be able to combat poverty.



Loan details

Loan length:

20 months
Disbursed date: March 14, 2012
Facilitated by Field Partner: LLC Micro Finance Organization Credo

Lenders and lending teams



Loan details

Loan length:

20 months
Disbursed date: March 14, 2012
Facilitated by Field Partner: LLC Micro Finance Organization Credo