Posts filed under 'KF7 (Kiva Fellows 7th Class)'
Kiva Lenders Have Needs, Too
By Abby Gray, KF6 Togo and KF7 Senegal
Jacques, WAGES' Kiva Coordinator, and a colleague taking a boat to visit a Kiva client in a rural area.
Meet Jacques. He’s the Kiva Coordinator at WAGES, a microfinance institution (MFI) based in Togo, West Africa. Every day, a loan officer hand-delivers a stack of borrower information forms and a USB chip full of photos. Jacques has trained the officers how to fill out the forms, use digital cameras, and get borrowers to smile and display their merchandise proudly for pictures.
Jacques formats the pictures, writes the information into paragraphs, and uploads everything to Kiva’s website. Then, during the loan cycle, he reports repayments manually and visits borrowers to collect a progress update and take yet another picture.
The work is inefficient, tedious, and time-consuming.
But it’s worth it. (more…)
9 comments 20 October 2009
Power to the People
By Abby Gray, KF6 Togo and KF7 Senegal
How a Kiva Fellow Alumna’s non-profit organization, SunPower Afrique, is shedding light on MFIs in West Africa
“Beep,” complained my laptop, unhappy about its sudden switch to battery power. The fan above me whirred gently to a stop, no longer drying the beads of sweat incessantly forming on my forehead. “Page can not be displayed,” grumbled Firefox. My internet connection was gone, along with any hope I had of uploading my stack of borrower profiles to the Kiva website.
I walked out into the hallway and found the employees of my Senegalese microfinance institution slowly leaking out of their offices as well. We pulled up chairs in a circle, sat down, and prepared to sweatily twiddle our thumbs until the power gods had mercy on us, whether in ten minutes or ten hours.
An employee at FECECAV, a Togolese MFI, tracking loan repayments by hand. Many of FECECAV's branches operate without electicity.
Power cuts are a regular occurrence in West Africa, as in most parts of the developing world. Production and distribution of electricity are unable to meet demand, causing frequent rolling blackouts and interrupted service. For MFIs (and many other businesses), this means countless manpower hours lost, high overhead costs, low employee morale, a short shelf-life for office equipment and other low efficiencies in daily operations. These consequences are even more debilitating for MFIs who work with Kiva – the Kiva partnership depends on technology and internet connectivity to successfully fund loans for enterprising clients. Gasoline-powered generators, the obvious alternative, represent a significant up-front investment and are extremely costly to run and maintain.
So, what can be done to provide MFIs with a reliable source of power??
Enter Kira Costanza, the courageous Kiva Fellow Alumna, galloping in on her trusty steed named Solar Power!
4 comments 19 August 2009
Microfinance through New-York-Colored Glasses
By Abby Gray, KF6/7, Togo & Senegal (now in New York)
In Dakar, this ad provoked vandals to rebel against the culturally inappropriate image. In New York, it wouldn't get a second glance.
If you have to deal with culture shock after 8 months of living in West Africa, New York is one of the most dramatic places to do it. On one hand, the vibrancy and energy of pedestrian-filled, trafficky New York streets isn’t all that different from the dusty “rues” of Dakar. Colorful fruit carts still grace the sidewalks, and overhearing conversations in foreign languages is a daily occurrence. On the other hand, skyscrapers and giant billboards of half-naked models are everywhere, as are exorbitant price tags on everything from purses to sushi dinners.
Having completed my official Kiva duties, I am now doing research at the Financial Access Initiative (FAI), a microfinance think-tank of sorts. It’s a consortium of researchers from NYU, Harvard, Yale, and Innovations for Poverty Action, focused on expanding access to quality financial services for low-income individuals. (more…)
4 comments 14 July 2009
Kiva Fellows’ Blog Quarter 2 in Review
By Kiva Fellows Program Team
Kiva’s launch in the United States on June 10th generated a huge amount of media attention for Kiva, and an equally-large number of hits for the Kiva Fellows Blog. Kudos goes to John Briggs KF8, currently on his second Kiva placement with KADET in Kenya, for his #1 in Q2 post in response to the “Pissed Off Kiva Lenders” lending team with 1,712 views to date.
The top 5 blogs in Q2 were:
1. Pissed Off Kiva Lenders, John Briggs KF8, Kenya
2. A Rose From Florence, Stephanie Koczela KF7, Uganda
3. M-Banking!, Brett Dobbs KF7, Kenya
4. I Am Living In Kisumu, Kenya, Milena Arciszewski KF7, Kenya
5. Welcome, Kiva, to West Timor!, Kieran Ball KF7, Indonesia
Quarter 2 has been a time of change for Kiva, both on a macro level, as people in Kenya and Cambodia make their first Kiva loans to entrepreneurs in northern California and New York City, and a micro level, as Kiva Fellows upload short videos to this very blog detailing the daily activities of borrowers and loan officers alike.
Emily Sweeney KF7, Peru, found the time to travel to Lake Titicaca, where she later found out that many of the artisans selling their crafts on the floating islands were borrowers of her MFI, Manuela Ramos. She was particularly struck by the way microfinance had merged with the unique island culture of Los Uros. Katie Davis KF7, Cambodia, got a crash course in rice accounting from staff at her MFI in Cambodia, vastly different from the sophisticated financial and analytic tools she used at her job in the United States, but which proved to be incredibly effective. Several new KF8 fellows have undergone changes since starting their placements in late May and June, including Alia Rafeh KF8, Lebanon, who traveled 7,000 miles to begin her placement with Al Majmoua, Cissy DeLuca KF8, Indonesia, who made the official change from Kiva intern to Kiva Fellow this past Sunday as she departed for her fellowship with TLM via Taipei and Tamara Sanderson KF8, Mongolia, whose role at Kiva changed from volunteer to fellow as she started her placement with XacBank, noting the important role connection plays in empowering a relatively new Kiva MFI.
Videos you should be sure to check out:
Zev travels home from work in Indonesia
Hanh attempts to cross Hanoi’s bustling/frenetic (depending on your point of view) streets shortly after arriving in Vietnam
Athan ate a traditional Umu meal in Samoa
Ashley King-Bischof posted a video of thank yous from borrowers in Cameroon
If you’re interested in learning more about the Kiva Fellows Program or other opportunities to get involved with Kiva, be sure to check out the Do More section on the Kiva website.
2 comments 30 June 2009
¡Adios, Arariwa!
In a desperate last-minute attempt to get my name off the top of the “least-blogging fellows” list and fulfill my grandma’s request for more blogs, I’d like to share some of my favorite photos from my 10-week placement at Asociacion Arariwa in Cusco, Peru.
Arariwa is an amazing organization with an extremely dedicated group of loan officers. I was consistently impressed with loan officers’ dedication to their clients—not just putting in long hours for little pay and running risks by carrying cash, but in some cases even relocating to remote villages in order to serve clients without previous access to financial services. For example, Tula Barazorda and Armando Cabrera live and work in Pilcopata, a remote jungle town that’s 8+ hours from Cusco on rough, narrow dirt roads. Pilcopata is a sleepy little town where there’s little to do but shoot the breeze and swat the mosquitoes. One morning – over breakfast, no less – Tula and Armando had a long, nonchalant conversation about all the different kinds of bugs that can burrow under your skin, how to tell the difference, and the pros and cons of each one (never before have I been so grateful to my parents for raising me in Minnesota, where all we have is ticks).
All in all, my time at Arariwa was an incredible experience, and I’m already itching to go back and visit. I’m also looking forward to reading much more frequent blogs from my Arariwa successor, Lee Bruner!
To see all currently fundraising loans from Asociación Arariwa, click here.
Cynthia McMurry is a fourth-time Kiva fellow working with brand new Kiva field partner Fundación Espoir in Quito, Ecuador. Previously she worked with Fundación AgroCapital in Bolivia and FINCA Peru and Asociación Arariwa in Peru.
3 comments 17 June 2009
A $62 Million Dollar Mistake
The cancellation of funds and an expanding economic crisis has left the majority of Nicaragua’s poor without a support system.
Continue Reading 2 comments 17 June 2009
The Cows of Cochabamba
By Nick Cain, KF7 Paraguay
In Cochabamba, Bolivia, milk is quite literally the ticket to financial services and economic growth. Kiva lenders, meet CIDRE, your newest Field Partner in Bolivia. Last week I traveled from Asunción, Paraguay to Cochabamba, Bolivia to train CIDRE’s staff members on the Kiva platform, help them learn a little about the Kiva community, and make sure they had everything they needed in order to start connecting their borrowers to Kiva lenders.
- A panoramic view of Cochabamba
The staff was enthusiastic to get to work and learn more about Kiva, so Day One of my visit was all training sessions and PowerPoints. But on Day Two, CIDRE’s new Kiva Coordinator, Diego Cardona, and I set off for the outskirts of Cochabamba to meet some borrowers. Most of CIDRE’s loan products are geared to serve the region’s dairy farmers, a community of micro-entrepreneurs who own anywhere from 5 – 25 cows and earn income by selling milk to Pil, the region’s lone dairy corporation. Cochabamba’s dairy farmers are concentrated in a large swath of land behind the city’s airport. About 10 minutes after leaving CIDRE’s offices in the city center, paved roads gave way to a lumpy, dusty web of cinder-block houses and muddy cow pastures. Eventually Diego and I came to a stop, eye-to-eye with a couple of rather hefty bovines.
4 comments 16 June 2009
In Defense of Kiva and Microfinance
Why is it that Kiva gets a bad rep for funding MFIs that give out loans to the people who otherwise would not receive them?! Recently, a blog was written on socialedge.org/blogs about a particular experience a “video journalist” had when she visited MFIs in Cambodia and Mozambique and spoke to “countless Kiva loan recipients” while there. The author’s article was based on the fact that “none of them had succeeded at pulling themselves out of poverty” because of these five reasons:
1) The High Interest Rates Being Charged
2) Inadequate Economic Opportunities
3) A Lack of Business Skills/Entrepreneurial Talent
4) Over-burdened Loan Officers
5) Lack of Sustainability
As most of you reading this are Kiva lenders, I want to refreshingly remind you of why the people she met (whom we do not learn much about in her article), were only a few of the 180,000 Kiva loan recipients to date, and do not necessarily represent the experiences of every Kiva loan. These few interviews can be seen in Episode 9 of her documentary series.
I want to use this blog post to layout, from a Kiva Fellow’s point-of-view, how challenging it is to lend to the poor, both fiscally and temporally. Let me share with you how Kiva (and microfinance) not only helps MFIs, and subsequently their borrowers/members, to stay afloat, but is also going to, overtime, help reduce poverty.
5 comments 10 June 2009
Welcome to “Kiva Country”!
“Kiva Country” is what ASKI-MFI (Alalay sa Kaunlaran, Inc.) staff like to call the Isabella Province, the region where their Kiva clients live and work. ASKI MFI is a new Kiva partner in the Philippines. Their headquarters are in Cabanatuan City, Nueva Ecija about 3 hours north of Manila, 10 hours if there is traffic and there is always traffic. They’ve been working hard these past months on their Kiva partnership, and are growing quickly. Beyond micro-finance, ASKI also offers many benefits and programs to their clients such as life and health insurance, educational scholarships, and business training. Their approach is holistic.
As a Kiva Fellow with a new partner, my job is to document everything, verify clients, and bring this information to the Kiva team and to Kiva lenders. I am so excited to be able to bring Kiva’s first field visit with ASKI-MFI to you.
Welcome to "Kiva Country"!
Check-out current Kiva ASKI borrowers to lend to.
Kiva Fundraising loans at ASKI MFI
To learn more about ASKI Microfinance Institution and their holistic approach to alleviating poverty, please visit their website. http://www.aski.com.ph/
Teresa Dunbar just finished her Kiva Fellowship with ASKI MFI, Cabanatuan, Philippines. She’s been a Kiva Fellow since August 2008 with MFI’s in Cambodia and the Philippines. She previously worked for The Christensen Fund, promoting bio-cultural diversity resilience. She holds a BA in Cultural Anthropology and Spanish.
4 comments 9 June 2009
I Thank Them (Kiva) Plenty
Almost finished with my four months at GHAPE, in Bamenda, Cameroon, I thought I would share with everyone all the “thank yous” I heard while interviewing GHAPE/Kiva borrowers.
To all the Kiva lenders, “I thank them plenty!”
3 comments 8 June 2009
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