Abigail and her little gray cat.
Loan 28 is to Rudy, a Guatemalan maker of t-shirts and lover of turquoise.
How I did it: www.kiva.org is a non-profit organisation that allows you to lend as little as $25 to a specific low-income entrepreneur across the globe.
You choose who to lend to - whether a baker in Afghanistan, a goat herder in Uganda, a farmer in Peru, a restaurateur in Cambodia, or a tailor in Iraq - and as they repay their loan, you get your money back.
They say give a man a fish and he’ll eat for a day, give a man a fish pole an he’ll eat for a lifetime!
In my opinion lending someone money to start a business is kind of like giving someone a fish pole. That is, it's a powerful and sustainable way to empower someone right now to lift themselves out of poverty.
Lessons & tips: What I loved about Kiva is the diversification of the entrepreneus - My loan went to 30 different countries and funded so many different activities, among others farming, growing flowers, beauty salon, electronics repair, photography, textiles, transportation and restaurants.
Abigail and her little gray cat.
Loan 28 is to Rudy, a Guatemalan maker of t-shirts and lover of turquoise.
Ian's♥Girl appreciating everything that I have...everyday.
Aida Pollescas is at 59% still fund raising if anyone is interested in funding a loan in the Philippines… :) So far all of my loans are in good standing none have defaulted & this makes me so happy to be apart of this site!
Aida Pollescas is from the town of Lopez Jaena. She is 50 years old, married, and has five adult children.
Aida owns and operates a business running a food stall, selling a variety of food products in the local community. She has been engaged in her business for over five years and earns approximately 2,000 PHP a month.
In 2001, Aida joined PMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 15,000 PHP from PMPC. This previous loan was used to to invest in expanding her business.
Aida is requesting a new loan of 20,000 PHP which will be used to purchase additional inventory and used as working capital. This loan will be her 12th from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.
& it counts towards the 43things team :)
Don Mauro Cojti Cun, 45, is married and has eight children. He lives in the village of Tecpan, Guatemala, which is six kilometers from the town hall.
Since he was single he has been a farmer, helping his father. With great dedication and effort he was able to learn the work that his father taught him. He plants his vegetables, and then his main job is to cultivate the strawberries. He has been able to overcome obstacles, but his family is growing. He needs to support them. No one in his family has graduated due to lack of funds.
He needs to invest in his crops with good fertilizer and insecticides.
His dream for the future is to see his daughters studying, having a career, and bedrooms. Now most of them share just one bedroom. Therefore, he needs to invest in his crops.
redbandita Supercow al rescate!!!!!!
Counts for the 43 team again.
It’s for the “PRIMAVERA II Group” in El Alto, Bolivia. Good luck, ladies!
Ash~ sing freely here comes the sun!
I had some pretty good credit built up since February, so I figured it was time to loan once more! This loan goes to Asiezo Joice of Gudele, Sudan. I was sold when I read about the field partner she is involved with, BRAC, a “holistic approach to poverty alleviation and empowerment.” 
Asiezo Joice is currently in the business of selling charcoal and bread and is requesting a loan to buy a motorbike to carry charcoal to the market. She is 36 years old and is married to a husband who is a peasant. She has three children and her children go to school. With the extra profits from her loan, she hopes to be able to open up a shop.
BRAC’s holistic approach to poverty alleviation and empowerment of the poor encompasses a range of core programs in economic and social development, health, education, and human rights and legal services which are delivered through an extensive network of village organizations. BRAC has become one of the world’s largest NGOs as measured by the scale and diversity of its interventions. In 2007, BRAC started operations in Southern Sudan. The microfinance program, which is targeted towards returning war refugees, has already formed 418 village organizations with more than 14,000 women members.
energy thinks you should go see food inc, or at least watch the trailor onlin
My June loan is to a Cambodian family to buy stone-splitting equipment.
Ian's♥Girl appreciating everything that I have...everyday.
I have already funded 4 loans I am a few credits away from funding my 5th. Sadly at this point in time I can’t add to my existing funds so I have to wait for my credits to make new loans. Hopefully in time financial changes will allow me to do more. Until then this method will work for us :)
redbandita Supercow al rescate!!!!!!
Taiwo Ogunjimi sells body cream, fruit and drinks in Ibadan, Nigeria
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Amsterdam
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redbandita asks,
“Have you noticed that many women (in Pakistan, for example) will give the money to their husbands? Does that concern you when you loan? Do you choose your fund recipients by gender?””
— 16 months ago |
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Burlington
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Lou is putting down roots asks,
“Poll: How many loans do you have open at one time? Do you wait for one loan to be paid back first before making another?”
— 20 months ago |
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