Thursday, September 6, 2012

have you heard about Kiva?

Taking a momentary break from the 2012 catch up. I wanted to ask you, have you heard about Kiva Loans?

My good friend Jill introduced me to Kiva a while back.  Kiva collaborates with microfinance institutions around the world who work with people without access to traditional banking systems.  Once you make a loan to an individual, your loan is sent to the microfinance institution, who then provides the loan directly.  100% off your dollars goes to funding loans, Kiva doesn't take a cut. Once your loan gets repaid, you can re-loan to others.  It's a great way to make loans directly people in communities who are working to better their lives.

Check it out!

I've made a few loans in the past, which are in the middle of being repaid.  This month, I loaned to Ama, who sells maize at Manpong ner Abura in Ghana.  She uses her income to support her husband and five children, including food, clothing, and her children's school fees. Ama will use her loan to purchase bags of maize to sell.  With the new profit, she hopes to expand her business.

Ama

-shauna

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