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Please help Moses -- http://www.kiva.org/lend/434198. Just $200 needed and 5 hours to go. This is an 8 month loan in Uganda to buy bags of dry cocoa to sell. Thanks.
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Boom! Fully funded.
Here's another we could lose - though as KyRoamer says, it's really all good, I hate to see folks possibly be approved and not receive funding.
"You made a loan to Las Americas Group, and this loan has raised $1,875 of $3,250 so far. If this loan does not receive $1,375.00 more in the next day, it will expire."
Of this group, one beneficiary of lend money would be Maria, who makes shoes and seeks to buy a shoe polishing machine to aid her small business.
Quote:
Originally Posted by KyRoamer
Please help Moses -- http://www.kiva.org/lend/434198. Just $200 needed and 5 hours to go. This is an 8 month loan in Uganda to buy bags of dry cocoa to sell. Thanks.
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Quote:
Originally Posted by JDiver
Boom! Fully funded.
Here's another we could lose - though as KyRoamer says, it's really all good, I hate to see folks possibly be approved and not receive funding.
"You made a loan to Las Americas Group, and this loan has raised $1,875 of $3,250 so far. If this loan does not receive $1,375.00 more in the next day, it will expire."
Of this group, one beneficiary of lend money would be Maria, who makes shoes and seeks to buy a shoe polishing machine to aid her small business.
I just loaned $25 to them, so they are down to $1,350 needed.
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The church is near but the road is icy, the bar is far but I will walk carefully”
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Here's another we could lose - though as KyRoamer says, it's really all good, I hate to see folks possibly be approved and not receive funding.
"You made a loan to Las Americas Group, and this loan has raised $1,875 of $3,250 so far. If this loan does not receive $1,375.00 more in the next day, it will expire."
Of this group, one beneficiary of lend money would be Maria, who makes shoes and seeks to buy a shoe polishing machine to aid her small business.
$25 to Wilbur and $50 to Las Americas Group.
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About 70% of FT loans have gone to females, while 30% have gone to men. This has held since the team started.
Currently, the top three loan sectors are (in order) food, retail, and agriculture.
Currently, Peru has received twice as many loans as Paraguay, but the total amount of loaned money to Paraguay is about 30% greater than that loaned to Peru (~$39k to ~$31k).
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My pet peeve with Kiva is the delay in receving emails about receiving repayments. On July 8, I received an email that said:
Quote:
Between June 15, 2012 and June 24, 2012 a total of $XX.XX has been repaid into your Kiva account. Below is an update on your Kiva portfolio.
Prompt notice of repayments would be nice, so I could re-lend immediately. I've learned to check the last week of the month to see if I've received repayments, but still.
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+1 Kiva's IT system definitely still has some improvements that could be made! However, I do admit that I've seen some pretty good improvements to their platform in the <2 years I've been on the site.
I've gotten in the habit of checking for repayments the morning of the 15th of every month. Probably 80% of my months repayments come in between the 15th-17th of the month, with the balance trickling in through the end of the month.
In the past, I always noticed a big influx of loans starting on the 1st of the month, but now it seems like loans are getting posted more regularly throughout the month. On the downside, it does seem like more loans are expiring without being fully funded.
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Quote:
Originally Posted by JY1024
+1 Kiva's IT system definitely still has some improvements that could be made! However, I do admit that I've seen some pretty good improvements to their platform in the <2 years I've been on the site.
I've gotten in the habit of checking for repayments the morning of the 15th of every month. Probably 80% of my months repayments come in between the 15th-17th of the month, with the balance trickling in through the end of the month.
In the past, I always noticed a big influx of loans starting on the 1st of the month, but now it seems like loans are getting posted more regularly throughout the month. On the downside, it does seem like more loans are expiring without being fully funded.
I usually have one or two repayments on the 15th, but the bulk of mine seem to be there about a week later.
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For those who have made loans to the "Rincones del Sur" Village Bank, this update has arrived; they have repaid 67% of their loan of $5,750. I find it most interesting, as it also shows how a Kiva partner supports a cellular structure for loans, using education, collaboration and peer support to help ensure loan success:
Quote:
The "Rincones del Sur" Village Bank is in the city of Osorno.
The loan was received during the month of February 2012. Ximena, President of the Banco Comunal (Village Bank) group, used her portion to purchase seafood stuffing* for the preparation of her empanadas.
She comments that as of the date of her credit to her business has functioned positively, increasing the sale of her empanadas.
She is very pleased and thankful for the opportunity to invest in her business that the Esperanza Fund has offered. As well, she feels very comfortable with the group since it is committed and collaborative. She also comments that (the loan) has enabled her to create new sales strategies.
What is a village bank at FE (Fondo Esperanza)?
Fondo Esperanza funds economic activities through Village Banks, which are groups of 18-25 people who live in the same area and join together in order to collectively receive small loans. Each Village Bank serves as a weekly or bi-weekly meeting space in which members track repayments, monitor the evolution of group members' businesses, and receive entrepreneurial education sessions. Group members provide one another with a solidarity guarantee of repayment, meaning that if one member does not repay their loan, the rest of the group will. Each group member has an independent business. Each Village Bank serves as a weekly or bi-weekly meeting space in which members track repayments, monitor the evolution of group members' businesses, and receive entrepreneurial education sessions. For more on Fondo Esperanza's Village Banks, check out their partner page here: http://www.kiva.org/about/aboutPartner?id=157.
* the Kiva translation of "sausages" for "embutidos" in this instance is incorrect; Ximena is buying seafood stuffing to make empanadas, not sausages.
Original update, in Castilian Spanish:
El Banco comunal "Rincones del Sur" perteneciente a la ciudad de Osorno.
Recibió su préstamo durante el mes de Febrero del año 2012. Ximena, presidenta del grupo el Banco Comunal, por su parte compró mariscos embutidos para la preparación de sus empanadas.
Comenta que desde la fecha del crédito su negocio ha funcionado de manera positiva mejorando las ventas de sus empanadas.
Ella está muy contenta y agradecida de la oportunidad que le ha brindado Fondo Esperanza para invertir en su negocio. Además se siente muy cómoda con el grupo ya que es comprometido y colaborador. Comenta también que las capacitaciones le han ayudado para crear nuevas estrategias de venta.
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Last edited by JDiver; Jul 10, 12 at 11:57 am..
Reason: add URL
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Here's a risky loan if you are up to it
A team that is fundraising currently is the Sarah Group in Taiz, Yemen. Sarah Group consists of five members: Walia, Fenon, Amriah, Fuadh, and Amirh. They took a loan of 240,000 YER ($1,125) from AMB.
"Walia is a hardworking 31-year-old mother directorate. She has three children. She lives in Taiz, Yemen. She is the woman standing in the middle in the photo. She has been selling clothing. She has applied for this loan of 40,000 YER in order to buy more of fabric and baby clothes so she can start doing advanced work. She hopes to open her own clothing store to increase her capital."
This is a risky loan - as they used to say in the Peace Corps, high risk, high return. Yemen is an unstable place at the moment, governmentally and in terms of the radical Islamic Al-Qaeda in the Arabian Peninsula (Arabic: القاعدة في جزيرة العرب, Al-Qaida fi Jazirat al-'Arab) (AQAP). OTOH, I believe this is exactly the best "weapon" at our disposal to let the people of Yemen know there is a better way.
I do make the occasional one I assess to have more risk with possibility of high return. I have lost some money - I have had four in over 500 loans default - mostly due to the lending microfinance organization's instability. In this instance, I would be out $100. Wanna join me in a risky loan?
As it says on the page for this Kiva loan:
Quote:
Additional Information
About Al-Amal Microfinance Bank
Al-Amal Microfinance Bank is the first registered microfinance institution in Yemen. Al-Amal reaches out to low-income micro-entrepreneurs and small business owners in Yemen with a suite of credit, savings, and insurance products tailored for Muslim borrowers. The recipient of multiple awards for its innovative product offerings, Al-Amal operates 14 branch offices located throughout Yemen, and began lending operations in 2009. To learn more about Al-Amal Microfinance Bank, visit their website or Kiva Field Partner page. When lending through Al-Amal Microfinance Bank, there are two points to consider:
1) Due to on-going security concerns, a Full Due Diligence of Al-Amal was conducted remotely rather than on-site. This makes Al-Amal atypical among Kiva's Field Partners, as Kiva staff have not conducted an on-site due diligence assessment. Al-Amal's assessment included in-person meetings with the top management in other, more secure locations in the Middle East.
2) As Yemen is a new and unstable environment, there is a possibility that future loan repayments could be held indefinitely in the country for regulatory reasons, even if individual borrowers pay back their loans. As a lender to borrowers in Yemen, you would be taking on this additional risk.
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Quote:
Originally Posted by JDiver
A team that is fundraising currently is the Sarah Group in Taiz, Yemen. Sarah Group consists of five members: Walia, Fenon, Amriah, Fuadh, and Amirh. They took a loan of 240,000 YER ($1,125) from AMB.
"Walia is a hardworking 31-year-old mother directorate. She has three children. She lives in Taiz, Yemen. She is the woman standing in the middle in the photo. She has been selling clothing. She has applied for this loan of 40,000 YER in order to buy more of fabric and baby clothes so she can start doing advanced work. She hopes to open her own clothing store to increase her capital."
This is a risky loan - as they used to say in the Peace Corps, high risk, high return. Yemen is an unstable place at the moment, governmentally and in terms of the radical Islamic Al-Qaeda in the Arabian Peninsula (Arabic: القاعدة في جزيرة العرب, Al-Qaida fi Jazirat al-'Arab) (AQAP). OTOH, I believe this is exactly the best "weapon" at our disposal to let the people of Yemen know there is a better way.
I do make the occasional one I assess to have more risk with possibility of high return. I have lost some money - I have had four in over 500 loans default - mostly due to the lending microfinance organization's instability. In this instance, I would be out $100. Wanna join me in a risky loan?
I'll gamble on this one for a few reasons:
I agree with your thought about this being the best "weapon."
I'd love to see women gain more influence in that area, and I know that it helps if they have money, knowledge, and skills.
Besides, my delinquency and default rates are at 0%, so why not gamble?
That takes me to 16 loans total, 1 in fundraising, 1 repaid, and 14 in repayments.
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Assuming my calculations are correct, my anticipated repayments in August, if not in July, should be enough to re-lend, without having to add additional money! I realize this is small potatoes for some, but for me, it's big.
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The church is near but the road is icy, the bar is far but I will walk carefully”
--Russian Proverb
Not sure if anyone else has seen this, but Kiva has a program with a partner that matches loans to young entrepreneurs from Arab countries. Used this the other day to lend $50 ($25 of my recent repayments) to someone in Jordan.
Here's a risky loan if you are up to it
