Showing posts with label KIVA. Show all posts
Showing posts with label KIVA. Show all posts

Friday, April 18, 2008

New KIVA loans

The latest KIVA loans come courtesy of first month subscription payments from M. Siegel and J. Mercer. If you are interested in contributing please subscribe to my newsletter using the [Subscribe] button under the header.

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The first loan goes to Amidu Jalloh:


Amidu is 54 years old and married, with 19 children. He is an accomplished and experienced tailor, but he lacks the capital to purchase enough supplies to allow him to meet customer demand. He learned tailoring 10 years ago and has been sewing clothes ever since, especially for women in Makup Bana village. His service is very vital and saves women from travelling long distances to Makeni town to seek sewing services. Amidu would like to expand his business and is requesting a loan of approximately $700 US to purchase more cotton material, buttons, and other supplies for this purpose.

The second is to Abdul Kargbo:


Abdul Kargbo is 39 years old and married, with 4 children. He sells cassava, sweet potatoes and vegetables such as eggplant to wholesalers from Freetown, who then resell the produce. Because he does not sell directly to the customers, Abdul earns very little profit. He would like to expand his business by purchasing and selling the foods directly to Freetown. He needs additional capital so that he can bypass the middleman and go directly to the market in Freetown himself. He is requesting a loan of approximately $350 US for this purpose.

The third loan is a re-loan following an earlier repayment and goes to Alime Velulaeva:


Alime has a small business selling women’s clothing at the bustling Central market in Simferopol, Ukraine. She sells a selection of day-to-day wear as well as dressy clothes. Alime is single and has been in business for four years. She is an energetic, enthusiastic entrepreneur who operates her business simply but wisely. An example of this is times when she has needed to purchase new clothing inventory. Rather than close her business and travel herself to buy inventory, she has paid other clothing vendors to buy for her so that she can stay and keep her business open. Alime has expanded her business by opening a second sales kiosk and is thinking of opening a third kiosk in the future.

Alime has requested a short term loan to help renew her supply of clothing inventory. The change of seasons means a busy time of year for clothing vendors like Alime. This loan will help her purchase a good supply of inventory so she can maximize her profits and continue working to develop her business.


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Friday, April 04, 2008

New KIVA loans: 50 reached!!!

Another round of payoffs have freed up some funds for new loans from prior subscriber contributions. I have two new loans to make to bring the total of loans offered to 50! You can see where this money has been allocated and it is all thanks to the support of my subscribers.

The first loan is to the Stage Hera Kende Self-Help Group



Solomon has been in the business of buying second-hand clothing in bulk and retailing the same. He is married with 4 children who are all school-going. He buys the clothes in bulk from Nairobi and transports them to Kisumu for retailing. He has been in this business for over 5 years now. One of his primary motivations for choosing this business is because of the readily available market due to the high poverty levels in Kisumu town.
He buys his stock every 2 weeks and sells the clothing not only in Kisumu Town but also in neighboring markets on the outskirts of Kisumu. He goes to these markets on their specific market days.

The post-election violence in Kisumu Town affected him negatively as it meant he couldn’t sell his clothes for quite sometime. There was, however, an opportunity for him as well in this situation since most people now can’t afford to buy new clothes and have to rely on second-hand clothes for survival. He hopes to take advantage of this opportunity by taking a refinanced loan to enable him to carry on with his earlier business. His business had been making profits before the violence enabling him to frequently restock his business and pay his loan as well. His loan repayments have been on schedule and so have been the group repayments.

He has been the secretary for his group and has done a good job particularly in ensuring that the group has its loan balances kept intact. The group has also been cohesive and with good repayment rates before the post-election violence. They see the refinancing as an opportunity to get back to their normal business state as soon as possible.

In addition to being cohesive, the group has had good repayment rates in earlier loans and have been having timely meeting on their rescheduled meeting days. Solomon, in addition to his secretarial duties, has played a huge role in energizing the group through constant faith-based encouragements during the violence period.

Disclaimer: Kiva is working with OI-WEDCO to refinance businesses disrupted by Kenya's post-election violence. The group above has received loans from OI-WEDCO in the past and is now working to rebuild their businesses and to get back on their feet. Due to recent events in Kenya, the security situation in many communities remains unsettled, affecting many local businesses. Lenders to this entrepreneur should be aware that this loan may represent a higher default risk, and should be willing to accept this additional risk in making their loan.

The second loan goes to Matilda John



Matilda John, age 40, is married and has four children (ages 22, 20, 17, and 13). She has a salon and a charcoal business which she started 3 years ago. She works from 6am to 9pm daily and is able to make a monthly profit of about $121.
Matilda has taken out two previous loans from Tujijene Tanzania to start a charcoal business. She hopes for a new loan to open a stationery shop.

If you would like to contribute, subscribe to my newsletter using the Paypal link at the header (allow 24 hours to set up access). Once you make your first payment after your 30-day trial period I will allocate that payment to a KIVA.org project of your choice.



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Wednesday, March 19, 2008

First Scratchback Purchase

I would like to thank Larry of MrSwing.com for the first purchase of my Scratchback link service.


As is customary, I have allocated his payment to the Mashari Fahari Yetu Group on KIVA.org. This brings the number of KIVA loans made to 48.


Mashari H. Rutindi, age 27, is single and has two children (ages 4 and 1). She has a pharmacy which she began 4 years ago. She works from 8.30 am to 9pm daily and is able to make a monthly profit of about US$173.

In the past, Mashari has taken out one previous loan with Tujijenge Tanzania to buy more medicine. She hopes for a new loan to increase the size of her business and to start selling cosmetics. Mashari will share this loan with her subgroup members dealing in selling pharmacy, clothes and cosmetics.

In the picture Mashari is 2nd from left in a green blouse

Scratchback is a great way to promote your site or blog on my blog, and the money is put to good use helping somebody else. Get a link today.
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Friday, March 07, 2008

New KIVA loans

The latest loan came courtesy of R. Harmsen's new membership. I have allocated the money to a group of 6 entrepreneurs in Tanzania.



Elizabeth, age 32, is married and owns a video library where she works from 8am to 7pm daily. She started this business in 2007 and now makes a monthly profit of about $180 from her rentals.

Elizabeth now hopes for a loan to increase her video stock. She will share this loan with her subgroup. They belong to the loan group called Kipunguni, whose members keep each other accountable in paying back their loans.

In the picture, Elizabeth is 1st on the right ,standing

In addition, there is $50 to redistribute to new loans:

First up is Santos Mariena Cadena:


Mr. Santos Mairena is dedicated to the business of planting and harvesting basic grains in the Somotillo township of Chinandega, Nicaragua. He has been working in the agricultural business since he was a child, learning from his father, who was always characterized as being an excellent field worker.

Currently Mr. Mairena is in need of tools for harvesting grains such as corn, maicillo (a native small seeded plant similar to millet), and sorghum. For this reason he has appealed to Ceprodel in order to receive a loan. This credit would permit him to improve his business situation and in that way help his family, who need so much from him, move forward.

Then there is Jaime Fajardo:


Business Description

Jaime is a farmer who has spent 15 years growing and harvesting rice for later sale. Currently, he has only 3½ blocks for his crop, from which he hopes to get optimum production with the adequate supplies and capital.

Loan Use


He will invest his loan into the purchase agricultural products to fertilize his land for subsequent planting. Obtaining some capital is critical for the upcoming favorable winter crop season.

Personal Information

Jaime lives in an open arrangement with his partner, with whom he has two children ages 6 and 1 respectively. The precinct he lives in is some distance from Santa Lucia.

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Monday, January 21, 2008

Three new KIVA loans

Recycling repayments from loans back into the system. This way, membership subscriptions will continue to support new business opportunities long after the initial $25 contribution. If you would like to help, please subscribe to my newsletter and your first month payment (after the 30-day free trial has expired) will be routed to a KIVA project of your choice.

The three new loans are as follows:

[1] Nansana 7/8 2037 (C) Group: Betty is a widow with five children. She sells fresh food in the market. She wants to pay school fees for the children and buy food with the business profits.

[2] Leonarda Laura Sulca's Group: Leonarda, Petronila, and Ana Maria have been members of the community bank Arco Iris for 6, 3, and 5 years respectively. In their community bank they have learned to be punctual and responsible, to save, to run their business, to avoid getting sick, and to respect other people.

Leonarda is 36 years old. She is married and has three children, who are 13, 10, and 8. She travels to different markets two times per week and buys grains and cheeses, which she sells at the Grau Market in Ayacucho and also door-to-door. She has had this business for six years.

On the other hand, Petronila is 54 years old. She is a widow and has nine children, only one of whom lives with her. She has been selling groceries from her home for the past three years. Furthermore, Petronila, together with her son, makes weavings. They sell beautiful tapestries and rugs at the Santa Clara market in Ayacucho.

Ana Maria is 36 years old. She is married and has two children, who are 17 and 9. She has a small grocery store which she started six years ago with very little capital but which has continued to grow little by little.

Leonarda, Petronila, and Ana Maria need loans of 1600, 600, and 1000 soles, which they will invest in buying wheat, oatmeal, cornmeal, quinoa, and other local types of flour. They will also buy rice, sugar, beans, cookies, milk, soft drinks, fruits and vegetables.

They plan to use their savings to care for and educate their children, as well as in the case of an emergency. Leonarda, Petronila, and Ana Maria dream of owning their homes, continuing to develop their businesses, and that their children will be able to continue moving up and become professionals.

[3] Cheang Cheak Ly: Mrs. Cheang Cheak Ly, 38, is the mother of three children and lives with her husband in Kampong Cham province, Cambodia. She is a housewife, cooking food and looking after her school-age children, so all of her family’s expenses are covered by her husband who works as a mechanic and typically earns around $10 each day in revenue.

Mrs. Cheang Cheak Ly has requested a loan to enable her husband to purchase more mechanic's supplies and more spare parts to use in his business.

This brings the total of KIVA projects supported to 44. All of these projects have been supported by reader subscriptions.


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Friday, December 07, 2007

Two new KIVA loans

The latest two loans come courtesy of Charles Kirk of the informative The Kirk Report. This brings to the total number of project contributions up to 41.

The first project is for a restaurant startup in Tanzania:



Jamila Mohamed and Mariam Rajab Chande are two entrepreneurs who do their business jointly. Jamila runs a restaurant and, at the same time, makes Kanga (a type of local attire made by tie and die). Mariam runs both a restaurant and a ladies' beauty salon in the Buguruni area. They have been involved in their respective businesses for the past six years, and are now asking for a loan of US$400 each to expand their business.




The second project is for a fish salesman in Sierra Leone



Unisa is 39 years old and married with two children. He sells fresh fish in the town of Magburaka in Sierra Leone. With his savings and a previous loan, he rented a small cold room where fish can be kept fresh. He sells the fish both retail and wholesale. His plan is to be the sole distributor of fish to smaller retailers and therefore he is requesting a loan of US$ 1,200 to increase the amount of fish he can furnish.



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Wednesday, November 28, 2007

KIVA: two new loans

Two new KIVA loans made possible by KIVA borrower repayments. The first goes to a group of women in Guatemala (I think this is the first time I have seen a group loan effort):



The clients of the ComUnity (the term used by Friendship Bridge for their communal banks) Chikuwa have an astute and patient attitude, a combination that helps them to be the great business women that they currently are. The clients of ComUnity Chikuwa are models of micro-entrepreneurial women.

Several members of the group started selling huipiles (traditional Guatamalan dresses) and shoes in the streets of San Juan la Laguna, Sololá. However, with their current loan many of them have become successful business owners. For example, Susan Ujpán now has ten artisans working for her during the high season such as Christmas. Clara Perez is a micro-entrepreneur who began with a small business raising animals and who is now buying 100 chickens per month in order to fatten them and resell them 21 days later. Cecilia Ujpán decided to move into an unexplored field for many micro-entrepreneurs. She has a honey bee business. In addition, she has a windmill that she rents for grinding corn (an essential component for the preparation of corn tortillas).

The loans will be used in different ways. Many women are going to buy thread in order to make huipiles and embroidery. Clara Perez is going to use her loan to purchase more chickens, while María Mendoza is going to buy another windmill. María Yotz is going to invest her money in her diner. She needs a loan in order to purchase glasses, plates, benches and tables.

María Mendoza’s dream is that her business will prosper so that she will be able to open a hammock store and sell hanging beds in natural colors typical of the region. Elena Coche dreams of opening a successful knitting store. In that way she would be able to purchase more work from her providers and thereby have a positive impact on their lives. These business women are very important for Friendship Bridge and Guatemala. They only need some initial help in order to move forward, and you could be the one to give them that aid.


The second loan is for a woman looking to run a sandwich small business:


Faustina is said to be a many-sided woman. She is the kind of person that is willing to improve her life and is ready to strive to achieve her goals. She has three sons, aged 17, 16 and 13. All of them attend school.

Faustina has been selling women’s and children’s clothing for ten years. Recently she started to sell sandwiches and juice with a loan she took from FSMA. She operates the two activities in a much crowded place. The elder son helps her sell the goods. Her businesses have been very profitable insomuch as she could repay the loan and put aside money to keep on investing in her activities. At present, she has more facilities to help meet the expenses of the family and she is in better condition to improve the education of her children.

Faustina needs funds to purchase raw materials to supply her sandwich and juice business. She will keep preparing the dishes and will let her son run the business in the morning. She will concentrate upon the clothing sales. She explains that with just one activity she won’t be able to bear all the expenses of her family. She hopes she can get the funds soon to ensure the subsistence of her sales and make sure she can keep on improving her family’s living conditions.




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