Archive for November, 2010
A loan you missed: Broom-maker Rosa Margarita (with video of production)
From Casey Unrein, KF12
One of the major issues that is holding Edpyme Alternativa back in providing their Capital Semilla product to a larger number of clients and making the interest rate even more affordable*, is the work involved in meeting Kiva’s requirements. Like it or not, posting profiles, repayments and journals is a time consuming and expensive activity. This is especially true when you are an institution like Edpyme Alternativa which has thirteen agencies spread across a broad section of northern Peru and over sixty different credit officers disbursing loans.
Recently, I visited one of EA’s agencies which has struggled to provide borrower profile data and journal data within the period allowed by Kiva. I spent the day visiting six borrowers that had received the Capital Semilla product. Of the six, only two were funded on Kiva. Here are is an update on one of those that didn’t make it onto the website. It is a story of a borrower that is bettering her life with the help of microfinance, and indirectly with the help of Kiva.
Continue Reading 1 November 2010 at 10:00 Casey Unrein Leave a comment
