Friday, September 01, 2006

Kiva Update: Kiril Ivanov Shekerdankov

Received by email from this morning:

Kiril has been in the Bulgarian Black Sea resort of Sunny Beach since
June with 8 colleagues performing Roma folk music. The performances
have been a combination of contracted shows at hotels and restaurants as
well as street shows during their free time. Crowds have been larger
than last year, as more western tourists have been packing the resort.
One thing they’ve noticed is that western tourists translate into
larger tips during street performances, so Kiril and his colleagues have
been making more time for them. Kiril is alone in not having made any
repayments to his loan yet, but assures us that they will be coming this

The KIVA program is a great idea for those wanting to make their money work in other ways. The amount may be small, but this money goes further helping others with their businesses, than it would if spent at home in the US. For every annual membership to my newsletter sold, I will allocate $25 of that payment to a KIVA program of your choice.

Current status of loans: