Earlier this week I invited you to join me on the microlending website, Kiva. I asked that if you were willing, able and wanted to join after learning more about the institution, to join through my personal invitation link so that I could receive $25 Kiva bonuses. Two of you took me up on my invitation, resulting in $50 worth of loan money that I was able to turn around tonight. Here’s who we’re funding:
This is Ruth Del Carmen from Guasmo, Ecuador. She owns her own house, and since separating from her husband she is raising two children on her own. She runs a restaurant and sells cosmetics to supplement her income. She is planning on using this loan to buy chairs, table and a display case for her businesses. You can read her full story here.
Meet the Nuestro Sueño Group from Temuco, Chile. Group loans can be a good investment because members of a community come together to borrow, and have group support and peer pressure to make timely repayments. Members of Nuestro Sueño are planning on using their loans to purchase products for their individual businesses, which include food, clothing, crafts, and firewood sales.
Thanks for making these two loans possible, my Kiva loan buddies.
If you have an interest in joining Kiva, I invite you to join through my link here - Kiva is still giving $25 bonuses out!