October Kiva Loan:

Olga
Location: Portoviejo, Ecuador
Repayment Term: 6 months
Activity: Crafts
Repayment Schedule: Monthly
Loan Use: To buy fabric, down, thread, fasteners, etc.

In the lovely city of Calceta, known for its hard-working people and beautiful women, the San Agustín Village Bank meets every fifteen days.

That's where we met Olga, who has been with the village bank for fourteen years. She says the bank has always been there to help her grow in her business, so she really appreciates Fundación Espoir. Olga is fifty-nine, married, and has five grown children, who all live with her. Her husband is in agriculture.

Olga makes and sells cushions. She sews different designs on the cushion covers to serve a variety of purposes, including for pillows, furniture and even for couples getting married; people buy those designs all the time because they make nice gifts, and Olga makes them with down so they'll be softer. She works Monday through Friday from 8 in the morning until 8 at night. She sends her products to Quininde and Quito where her sister sells them. She also brings things to a bazaar in Calceta because there's a lot of demand there.

Olga plans to use her loan to buy materials to make her cushions.

Her dream is to have a bigger workshop and to be able to send her products internationally because she says her cushions are the best in the world.

Current KIVA Loans:I now have 2 delinquent loans =(

Location: Kant, Kyrgyzstan
Repayment Term: 6 months
Activity: Cattle
Repayment Schedule: Monthly
Loan Use: To purchase more cattle for breeding

Location: Monrovia South, Liberia
Repayment Term: 6 months
Activity: Food Market
Repayment Schedule: Monthly
Loan Use: To buy more bags of rice, onions, peppers, palm oil, and beans
Repaid: $2.08 DELINQUENT

Gbawulu Group
Location: Monrovia South, Liberia
Repayment Term: 6 months
Activity: Construction
Repayment Schedule: Monthly
Loan Use: To buy bags of cement to make blocks
Repaid: $12.68

Iyunge Group
Location: Cibitoke, Burundi
Repayment Term: 8 months
Activity: Fruits & Vegetables
Repayment Schedule: Monthly
Loan Use: purchasing bigger quantities of beans but also new products to sell her customers
Repaid: $18.75

Fight For Progress Group
Location: Makeni, Sierra Leone
Repayment Term: 12 months
Activity: Food Market
Repayment Schedule: Monthly
Loan Use: Buy palm-oil, rice, and oranges in wholesale quantities
Repaid: $13.96 DELINQUENT

Altantuya Lhasuren
Location: Tsetserleg, Arhangai, Mongolia
Repayment Term: 20 months
Activity: Butcher Shop
Repayment Schedule: Monthly
Loan Use: to purchase meat
Repaid: $9.73

LOANS PAID IN FULL:

Zenaida Daing- Farming, Sta. Josefa, Agusan Del Sur, Philippines
Elizabeth Aidoo- Food Market, Wiawso, Ghana
Mobateli Plus Group -Manufacturing, The Democratic Republic of the Congo
Paz y Amor Group -Fruits & Vegetables, Dominican Republic
Dustmatov Eralboy - Livestock, Tajikistan
Seccelambras Group -Food Production/Sales, Peru
Rashidat Mumuni -Fish Selling, Nigeria
Karla Vanessa Montiel Barahona -Housing, Nicaragua
Eal Nub -Fish Selling, Cambodia
Atim Irene's Group -Medical Clinic, Uganda
Obama Group- Grocery Store produce- Dar Es Salaam, Tanzania
La Esperanza Group- Materials such as sugar cane, flour, sugar and coal- Ita, Paraguay
Siguikadi Group- Purchase of selling items -Kadiolo Sikasso, Mali


As of today i've loaned and re-loaned out a total of $500 through KIVA to 20 different groups in 19 different places all around the world. Its amazing what $25.00can do!

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