Have you made a Kiva loan yet?

May 18, 2009 at 16:16 10 comments

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 nievesMaria 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.

san nicolas groupThe “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.

Kiva - loans that change lives

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Fair Trade Tagua jewelry from Ecuador arrives at Global Fayre Working with the Community

10 Comments Add your own

  • 1. joaco1  |  May 18, 2009 at 16:31

    I think is very nice to care about people who live in another reality. Perú is a country so separated by social clases that the ones who lives in the apparted cities and towns, have less than nothing to survive, and even so, they do, and preserve a rich cultural tradition. If you are interested in learn more about peruvian people and their culture, you could visit this web: http://www.onetooneperu.org and you will found a free downloading magazing about it, also in english and french.

  • 4. Dottie Simmons  |  May 18, 2009 at 16:50

    We love Kiva. I like to think it is like passing it forward. Those who payback the loans are loaning to others who need as we re-donate the funds.
    Another reason I also like Heifer International (heifer.org), where the recipient “passes the gift” to another in their community.
    Keep up the good work.

    • 5. globalfayre  |  May 18, 2009 at 17:23

      You’re right – it IS like passing it forward.
      More than that, it is about empowerment; helping people to help themselves.
      That’s why we started Global Fayre. We believe that Fair Trade offers communities in developing countries the opportunity to become empowered, and through that to make a tangible difference to their loving and working conditions and way of life.
      You can read more about what Global Fayre is about at http://www.globalfayre.com

  • 6. acline  |  May 18, 2009 at 18:28

    After hearing the co-founder speak at MSU, I started a lending team to focus on entrepreneurs who have bicycle-related businesses or otherwise use bicycle as a part of their businesses.

  • 8. globalfayre  |  May 19, 2009 at 00:03

    That’s great to hear.
    I’d be interested to know if you find many that specify the use of bikes in their business.
    As for lending in a team rather than individually, there was an interesting piece on NPR last week (apologies – I couldn’t find a link) talking about how people that support efforts like micro-lending in groups end up investing more than they would have done individually. Is your lending team work-based or bike-based?

    • 9. isocratesus  |  May 20, 2009 at 12:52

      I’ve found 4 loans so far in which bicycles play an important role in the business. One way to keep up on this is for you to join my team 🙂

      • 10. globalfayre  |  May 20, 2009 at 19:12

        Sounds like an offer we can’t refuse!
        Next time you are in the store bring details of how it works, what the commitment is etc. If it is open to all we might mention it in th next newsletter.

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