Wednesday, August 31, 2011

The long awaited return of my KIVA Updates

A long time ago I was diligently posting about my updates to KIVA (a really awesome Micro lending site that allows you to give a helping hand to people all over the world, $25 at a time through a loan that is paid back anywhere between 6 months and 20 months.)

And since we are making a point of starting up are charitable giving once more, I thought it was appropriate to welcome the Monthly KIVA updates back to the Blog. The goal is to create a new loan every month and to try and do a different country each time to spread the love all around. I decided to take the time to post everyones pictures because to me it helps me remember that these are real people, real groups, and that these loans make a real impact.

I'm using old re-paid funds right now that were just sitting in the account after being paid back.

To date i've taken the same $150 and turned it into $650 by re-lending it out once a loan has been repaid.

Since we now have a random giving fund set up I don't have to be too careful with the length of the loan because I have a source to feed this account if I'm out of funds for a month... but we should be good for 4 more loans before i'll have to add to the pot.

New Loan: Juan Fidel Velasquez Lopez, Guatemala
Juan Fidal is married, 41 years old and has a primary school education. He has four children, three of whom are in school. He works as a mason and a tailor. He began working as a tailor thanks to the support of his family. He has six years of experience.


He is asking for this loan in order to increase his working capital and buy the basic materials needed to increase his production. In the future he would like a larger business with more income. 

Juan Fidel
Repayment Term: 20 Months
Location: Guatemala
What its for: Tailoring Supplies
Amount Paid Back: $0.00

Current Loans:
Shamshad Samuael Masih's Group
Repayment Term: 13 Months
Location: Pakistan
What its for: Buy Goats for animal sales business
Amount Paid Back: $18.30




Paid Back Loans:

Atim Irene's Group
Repayment Term: 8 Months
Location: Uganda
What it was for: To buy supplies for a medical clinic in bulk to lower the cost.




Eal Nub
Repayment Term: 18 months
Location: Cambodia
What it was for: To purchase the stall she rents in the market each month.



Karla Vanessa Montiel Barahona
Repayment Term: 11 Months
Location: Nicaragua
What it was for: To tile the floor of her home that she and her 3 kids live in.



Rashidat Mumuni
Repayment Term: 10 months
Location: Nigeria
What it was for: Purchase more cartons of fish to sell. 



Seccelambras Group
Repayment Term: 7 Months
Location: Peru
What it was for: helped the group buy grocery products and other merchandise for sale.




Dustmatov Eralboy
Repayment Term: 10 months
Location: Tajikistan
What it was for: a pedigree bull.






Paz Y Amor Group
Repayment Term: 8 Months
Location: Dominican Republic
What it was for: Purchase products for her business (Fruits and Vegetables)






Mobateli Plus Group
Repayment Term: 6 Months
Location: The Democratic Republic of the Congo
What it was for: purchase bags to pack clean water for sale.






Elizabeth Aidoo
Repayment Term: 8 Months
Location: Ghana
What it was for: To buy Yams in bulk for sale. 




Zenaida Daing
Repayment Term: 7 Months
Location: Philippines
What it was for: purchase a sprayer and 2 bags of certified seeds for growing rice.






Altantyya Lhasuren
Repayment Term: 20 Months
Location: Mongolia
What it was for: To purchase meat to sell in her business.




Fight for Progress Group
Repayment Term: 12 Months
Location: Sierra Leone
What it was for: to buy palm oil, rice, and oranges in bulk for sale. 






Siguikadi Group
Repayment Term: 8 Months
Location: Mali
What it was for: to buy shea butter and plastic bins for their business. 






Obama Group
Repayment Term: 8 Months
Location: Tanzania
What it was for: to sell water, juice, and sodas wholesale. 




Lyunge Group
Repayment Term: 8 Month
Location: Burundi
What it was for: To purchase beans to sell to her customers. 






La Esperanza Group
Repayment Term: 6 Month
Location: Paraguay
What it was for: to buy materials such as sugar cane, flour, sugar, and coal. 






Gbawulu Group
Repayment Term: 6 Months
Location: Liberia
What it was for: To buy cement to make blocks. 




Hawa Gull Group
Repayment Term: 6 Months
Location: Liberia
What it was for: to buy bags of rice, onions, peppers, palm oil, and beans. 






Mamile Orozalieva's Group
Repayment Term: 6 Months
Location: Kyrgystan
What it was for: to purchase more cattle for breeding






Olga Francisca Cano Romero
Repayment Term: 6 Months
Location: Ecuador
What it was for: To buy fabric, down, thread, fasteners, ect for her business



Janet Ajubyi Ayieko
Repayment Term: 8 Months
Location: Kenya
What it was for: to open another 2 stores in town to sell her goods. 


Flores De Dolores
Repayment Term: 6 Months
Location: Mexico
What it was for: to buy shawls to sell in nearby towns. 



Jose Elias
Repayment Term: 8 Months
Location: El Salvador
What it was for: To install electricity in his business premises.  

6 comments:

  1. I've been wanting to do a Kiva loan also. I just looked at the site yesterday so maybe I'll finally do it today.

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  2. This is wonderful. I have heard of it before but it is really not a well known way to give. Have you had any defaults where you lost your money?
    I am very impressed with your total attitude to "giving" and think it says a lot about you ( and SCB too).

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  3. I've actually yet to loose any money from my KIVA loans. At one point both my loans to Liberia were Delinquent, but in the end they were paid back.

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  4. Well, honestly would you consider taking on more loans to Liberia now? I think you have inspired me, we have some financial issues to settle but by the new year I am definitely interested in looking at what is available. Thanks for sharing this with everyone.

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  5. I probably would't loan to Liberia for a while not because they were delinquent at times, but because my goal is to give to as many different places as I can... but in the end if the loan isn't paid back in full I'm not too worried because we consider this part of our attitude towards giving...

    Sure we don't get a document at the end of the year for tax purposes (you can if you wish your loan re-payment amounts go directly to KIVA... or if you donate a portion at check out to support KIVA's offices and their community partners) but we don't have enough giving to itemize so its not an issue for us at the moment.

    I tend to enjoy giving more when I'm not taking into account how it will benefit me in the long run (like a tax break)...

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  6. I agree, I am not looking at a tax break either, just the feeling that the money is well used. I have an aversion to being feeling that I am being taken advantage of.

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