The ‘decent interval’ is over! »« I quit

Kiva Project Update: Our third loan

Hey Cromrades,

I didn’t hear much from you with regard to our Kiva project, so I donated all the money to Invisible Children.

Joking.

But I didn’t have time to go through the Kiva.org website and really closely scrutinize the projects, so I just picked a couple at semi-random. This is why I need y’all to help me out here – to make sure our money goes to the best source.

At any rate, here’s where it went this month:

Unyenyekevu Group - DR Congo

Kavira is an entrepreneur and head of the Unyenyekevu business group. She is 55 years old, married and the mother of 10 children, who are all in school. Her husband is a mechanic.  Kavira sells second hand handbags. She has been involved in small-scale business of this type for four years. This is her 11th loan from Hekima, and will enable her to buy one sack of bags, among other things.

Kavira would like to see her children grow up in comfort, expand her business and buy another plot of land to leave to her children. She would like to thank Hekima for its work helping poor women who are excluded from traditional banking.

Ayen Thon – South Sudan

Ayen lives in Bor. She sells charcoal and has been in business for three years. She is 30 years old, married, and has no children. Ayen heard about BRAC South Sudan from a credit officer and this is her third loan from BRAC.

She has requested a loan of 1,500 SDG in order to purchase charcoal. She will use her extra income from this loan to build a house in future.

$25 has gone to each of these projects. I picked them because a) African, b) women, c) business. My selection criteria, I’m afraid, are not much fancier than that.

Because of the tendency for these loans to get funded fairly quickly, I’d suggest that if you’re interested in providing input into these loans, wait until I announce the next round (i.e., in a month’s time). I do hope you will chime in with where these funds are going, because I am bound to overlook something, and I consider this our money – at least until we have enough to spend on something I really want then I’m leaving you suckers in the dust from my G4.

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, and loaned $50

Total amount loaned so far: $150
Total loan funds repaid: $2.50
Fund balance: $5.57

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