Have you made a Kiva loan yet?
We just got another repayment from our existing Kiva loans, so it was time to make some new loans from the funds we have with Kiva.
We chose two loans, each of $25.
The first ones was to Marie in Peru, who needs a $350 loan to buy sheep. The loan is to be repaid over 8 months. Here’s what Kiva had to say about Marie:
Maria Nieves is a very hardworking woman. She is a member of the Punta Sahuacasi Village Bank in the Azangaro Province in the Department of Puno. She is 56-years-old and lives with two children that she is responsible for. She lives in the Punta Sahuacasi Sector of Acochupa, and has a first grade education. Maria has been wokring with Movimiento Manuela Ramos for the past 3 years. She earns her living buying and selling small livestock (sheep). Her first loan was for 300 soles. She would like an additional loan at this time of 1000 soles, with which she plans to buy more livestock to sell at the fairs in her area. Maria Nieves tells us that she really enjoys the meetings because they allow her to share with her fellow members.
The second loan was to the San Nicolas group in Bolivia. They are a community bank seeking to raise $2,900.
The “San Nicolás” community bank is comprised of twelve members. Among them there is one man, a locksmith. The San Nicolás community bank members entered their fifth loan cycle. They have met all of the obligations agreed upon in the contract they signed with Agrocapital. Many of the members work as crafts people. Some of them weave blankets, make macrame, and sell supplies on credit and for cash. Some of the members have fixed stalls in different fairs in El Alto. The most important, and where most of them assemble, is the 16th of July fair. They sell products they make themselves or resell products at low prices. They need a loan to augment their working capital and stock their merchandise. The competition that they have in the sector where they work is open for a good sale because they are far from the center of the city. The women and neighbors prefer to do their marketing in the same zone. Because they rely on daily fairs, it is easier to move their products and get better income. This group is in its fifth loan cycle. The Agrocapital foundation trusts them because they make their payments responsibly and on time.
Have you made a Kiva loan yet? If not, click on the link below……it might not change your life, but it may well change the life of the person you make the loan to.