Stories tagged with Uncategorized

Apr 4, 2015 US United States
Photo Cred: Central Wesleyan Church

A letter can’t make that much of a difference in the overall scheme of things…right? I mean, how much lost in translation really is there from adding a letter (neighbor v. neighbour – you may just sound that much more sophisticated with the latter, but that’s about it), subtracting a letter (foregoing v. forgoing – you’ve either already passed the thing by or never had it in the first place, so I wouldn’t worry about it either way),... Continue Reading >>
Feb 2, 2015 EC Ecuador
Danni cooking and preparing for her day's work

After venturing through hours of the greenest landscape over several hills, we finally made it to Borbon, a small city in Northern Ecuador.  Our mission was to find Danni - a Kiva borrower.  However, it wasn't as simple as one may think.  First, we had to climb down a hill into an area of several homes.  The loan officers forgot which direction her house was, so we asked a group of women where Danni was.... Continue Reading >>
Jun 6, 2013 MN Mongolia

A job that lets you travel across Mongolia… AND play table tennis while you wait at the airport?!

Here in Mongolia, my top priority with XacBank has been to complete borrower verifications (BVs)—visits to 10 randomly selected Kiva clients to ensure that everything in the field checks out with the information reported to Kiva’s San Francisco headquarters. As it happened, the borrowers in my sample were...

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May 5, 2013 MN Mongolia

a massive silver statue of Chinggis Khan looms 40m high on a snowy spring morning at Tsonjin Boldog, east of UB

Spring may have arrived in Mongolia, but for two Kiva staff who visited me in April, winter gave one last hurrah and dumped the largest snowfall I’ve seen since being here (a whopping 2 inches!).

If you’ve had a chance to read some of my past blog posts, you’ll already know that winter in Mongolia is a big deal—even for a Canuck like me....

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Apr 4, 2013

One popular critic to microfinance is it promotes businesses that don´t bring value. For instance, giving a loan to a woman to start a tomato shop beside 10 other tomato shops. Instead of creating value, it divides it.

This is why one of the biggest bets from Kiva are green loans. Under this category you can have solar lamps, ecological kitchen and other type of products that aim to improve families standard of life.

I was not sure of the effectiveness of this type of loans until I met….. He has a very humble family that lives in the coast of El Salvador and he is a fisherman...

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Apr 4, 2013 US United States

By: Abhishesh Adhikari

One of the best parts about my Kiva Fellowship has been the opportunity I get to meet and interact with entrepreneurs. During the 4 months that I spent in Kyrgyzstan, I helped Bai Tushum (Kiva’s partner MFI) launch a new Startup Loan Product and met a wide variety of entrepreneurs all across that country. After I got back from Kyrgyzstan in January, I have been working on a new Kiva project called Kiva Zip, trying to expand it here in Chicago.

Kiva Zip is a new initiative to make interest-free, small business loans to entrepreneurs in...

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Apr 4, 2013 MN Mongolia

Spring has arrived in Mongolia! That means warmer weather (afternoons creeping closer and closer to the double digits)… and, of course, baby animals!

I had the opportunity to travel to Selenge ...

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Apr 4, 2013

        Young Kenyans are harnessing their country’s growing tech prowess to go into business for themselves.  For example, Jamila Abbas and Susan Oguya, created a mobile application called M-Farm. The application allows Kenyan farmers to access real time market information, buy farm inputs from manufacturers and find buyers for their produce, all through SMS.  Lorna Rutto started EcoPost, a company that turns plastic waste into durable fencing posts, an environmentally friendly...

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Mar 3, 2013

This last week I have started to meet borrowers and feel the reality they face. It is a reality full of difficulties and challenges, in which a small amount of money can make the difference to the person that receives it, his family and his community.

ID Ghana has a different approach to microfinance, they call it “Onipa Nua”. It is based on group relationships. What they do is forming 15 to 40 people groups (95% of members are women) and they are trained in different abilities: saving, convive, how to manage a business, loaning, health…and many more areas that help them build a...

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Mar 3, 2013 ZW Zimbabwe

Zimbabwe made world headlines over the course of 2008 and 2009 when hyperinflation gripped the country. What is often believed to simply exist in economic textbooks was occurring daily in the streets; the government was printing more and more Zimbabwe dollars, the currency would lose its value, more Zim dollars needed to be printed, new bills had 1, 2 or even 3 zeros added to the end, the currency would further lose value, more printing…

Zimbabwe dollars which are no longer legal...

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