I just sent out our 6th Kiva loan. Because of the speed of turnaround of many of the projects listed on the website, crowdsourcing the selection is very cumbersome. I’m sorry to preclude you from the discussion of which loans we select. I don’t see a way around this, but maybe you do. Maybe if I pre-schedule the day of the loan, y’all can submit your input in a flurry?
Anyway, here’s where our money went:
Sanaa, 20 years old, is a single lady, with four brothers. Sanaa is a university student majoring in business administration; she has applied for this loan to pay her fees for the semester. Sanaa hope that after graduation she will find a job in her field to help her family and support herself.
The group was created on May 23, 2012; its members are socially close. Their main activities are retail and animal fattening. Awa, the group’s president, is 52 years old. She is married and a mother of three boys and five girls. She is standing with her hand raised in the photo. With the granted loan, she is going to purchase four ewes to fatten and resell after six months for a profit. With the resulting profit, she is planning on purchasing a transportation vehicle, as she works with her husband whom she helps with the family expenses.
For the month of October, 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.
For the month of January, we made $58.59.
For the month of February, we made $57.33 and loaned $125.
For the month of March, we made $78.68 and loaned $125.
For the month of April, we made $64.62, and loaned $57.50*
Total amount loaned so far: $450
Total loan funds repaid: $63.17
Fund balance: $7.64
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*Kiva periodically requests a donation to support their operating funds (they do not see interest on any loans). I donated $7.50 this time around.