Fund 43 microloans through Kiva.org

Most of the current loans that I ahve with Kiva have been paying back the lenders regularly, so I can make another “re-loan”. This one went to a group of entreneurs in Bolivia.

so I recycled it! My very first loan was made with a payment term of 14 months, and today it was paid off in full. Fittingly enough, I found another entrepreneur in Samoa to re-lend the money to!

My new loan went to Fetulima Kopelani who plans to purchase rice, sugar, ramen noodle, etc, for her general store. I was glad to be able to send this money right back to Samoa!

Lately, it’s been getting harder and harder to find any available loans at all on the Kiva site!

A few days ago I made another loan with some of the funds that have been paid back from other Kiva entrepreneurs.

This new loan went to Amanda Vida who lives in Pucallpa, Peru. Amanda is an experienced seamstress who wants to set up a lingerie sewing workshop. She has a large exisitng client base and wants to expand her business.

I just had two more loans successfully paid off this week, and have re-loaned the money to two more deserving entrepreneurs.

The first loan was made to Mrs. Shanti Subba who lives in Nepal. Mrs. Subba runs a cloth shop and is seeking the loan to purchase more cloth to sell in her shop. This is my first loan to Nepal.

The second loan I recycled went to the Mujeres en Desarollo Group 1 of San Pedro de Macoris, Dominican Republic. (“Mujeres in Desarollo” means “developing women” in Spanish, I love the name this group chose!) These five women are seeking a loan to expand their beauty salon.

I am so pleased to see the loans I have made previously being paid off, and I hope the loans are truly helping to improve the life of the entrepreneurs.

This morning I got word that a loan was paid off, so I “boomeranged” my loan money to make a loal to Salif Yattara, of Sikasso, the Republic of Mali. Mr. Yattara has a business selling radios, cassette tapes, and batteries to bus travellers and local music enthusiasts.

This loan is still not fully funded, so if any others here are looking for a loan to make, please join me here!

Over the weekend, one of my loans to a woman in Azerbaijan was paid off, so I relent the money this morning to Guillermo Gallardo of El Alto, Bolivia. Mr. Gallardo is a taxi driver. He is going to use the loan to help pay for his daughter’s college tuition.

Glad to be of help for such a good cause!

I had another loan paid back this week, so I was able to make a loan to Adamu Imma , who lives in Cape Coast, Ghana. Ms. Imma sells rice and beans. She is seeking a loan to purchase more inventory for resale.

This loan is still seeking more lenders, so take a look!

Several loans which I made last summer have been paid back in the past few weeks!

Today I made a loan to Kimseang Chheng , who lives in a village near Phnomh Penh, Cambodia. For six years, Kimseang has earned her living by weaving silk cloth. She plans to use this loan to purchase more raw silk for her weaving.

Being a fan of handicrafts, I am always thrilled when I find a loan to someone engaged in this kind of activity!

This loan is still in the fundraising mode, I would be honored if any here on 43 Things care to join me in this loan.

I was pleasantly surprised to log into my e-mail and discover that one of my loan to Mrs. Saran Rous of Cambodia was paid off four months early!

I made a new loan to the following group called the Mujeres Las Cristilinas. This is a group of 29 women who all live in Parazquin, Guatemala, all of whom are involved in weaving. Most of the women in this group are involved in another business in addition to weaving, such as farming or ranching. Since this is such a large group of entrepreneurs, they loan they are seeking as quite large, so if you are able to join me in supporting this group, that would be great!

Today I received an e-mail containing an update on a loan that I made last September to Conteh Alfa of Kabala, Sierra Leone. His loan is being used to diversify the merchandise offered at his general store.

The update from Kiva, which you can read here states that Conteh used his loan to purchase palm oil and secondhand shoes. Now, the store has so much inventory that his wife is also working at the store. It sounds like this loan is making a real difference to Contech and his family!

I am so glad when Kiva posts updates on what the loanees are doing with their money. I only hope that more and more updates will be posted on their site.