Kiva Project: Update, and third donation

Hey Cromrades, I was slacking a bit last month and did not make any contributions to our Kiva project. I’ve since taken the liberty and the initiative, and picked two loans for us to support:

John from Kenya

John, 39 years old, is a mixed crop farmer. He is married to Susan, also a farmer, and they are blessed with two children. He has farmed for the past ten years, earning 7,000 KES a month, and uses his income to support his family. John is applying for a third loan after repaying his previous two loans successfully. He will use the 43,000 KES to buy fertilizer and seedlings for his farm. With the anticipated profits from his farm he will educate his children. His hopes and dreams are to buy a piece of land and build rental houses.

Flor De Quinua Group

The Communal Bank “Flor de Quinua” (Quinoa Flower) is starting its second loan cycle with Pro Mujer as part of the Juan Pablo II Community Center. This group consists of eight members and is led by a Board of Directors headed by Sra. Pascuala. The members of this Communal Bank engage in various businesses in order to get ahead such as selling shoes, knitting sweaters, selling toasted foods, washing cars, making crafts from plaster, selling woven articles, and knitting blankets.

Sra. Pascuala says that she started working Pro Mujer one year ago and joined the organization upon receiving an invitation from a member. She currently has a business producing crafts out of plaster (stucco) where she has worked for some time. Pascuala learned this trade from her son-in-law. The loan she is receiving now will be used to increase her capital for purchasing stucco that she acquires from the distribution shops. She will later sell the products she makes in her community. Working in this manner enables her to generate income to support her family. Pascuala is separated from her spouse and has three children.

Both of these projects were loaned $25.

Also, pay for December came in, so it’s time once again for you to help me spend our money. You’ll notice that $2.50 from the first loan was paid back, so that’s back in the pot. Please take some time and poke around the website, and make a recommendation. I’ll make a decision for 2 loans and announce it on Friday.

For the month of October (the first month this site went live), we made $46.38, and loaned $50.
For the month of November, we made $65.81, and loaned $50.
For the month of December, we made $44.76

Total amount loaned so far: $100
Total loan funds repaid: $2.50
Fund balance: $55.57

Let’s keep it rolling, folks!

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