Stories tagged with Lending

Mar 3, 2013 SN Senegal

Some of you have may lend to women borrowers gathered in groups called "Village Bank", or "Banc Villageois" in French, the following is the story of this system in Senegal.

In 1984, in a plane going to La Paz, John Hatch outlined a project in which poor people gathered in a group were directly in charge of their financial service program. The main idea was to provide small loan to poorest families, especially women, for helping them to start small businesses. Such as what Grameen Bank was already doing in Bangladesh.
Village Banking has been... Continue Reading >>
Mar 3, 2013 KE Kenya

Mary, far left, with the Sisal Sisters borrower group in Kakuyuni, near Tala, Kenya

The second day I was in Kenya I had the good fortune to spend the day with KADET staff profiling the top loan officer at the agency, Mary Ngenya, who works in the Tala region.  Mary is considered THE BEST of approximately 80 loan officers in the entire organization which has offices all over Kenya; she manages one of the largest loan portfolios in the organization and in the six years since she’s been with KADET, her...

Continue Reading >>
Feb 2, 2013 AZ Azerbaijan

Dimitri Zakharov | KF20 | Azerbaijan

Something big is happening here – and you don’t know anything about it.

As I explained in my last post, Azerbaijan has amassed great wealth due to its reserves of oil.  It is the third largest oil producing country out of the CIS nations and the government oil fund, Sofaz, currently sits on $33.9 billion.  After the breakup of the Soviet Union, Azerbaijan took on a staggering initiative of modernization in order to shed its Soviet past and remake its own Azeri identity.

The frontline of... Continue Reading >>
Feb 2, 2013 IN India
Last week I had the privilege of visiting Churachandpur, the second-largest city in the state of Manipur. Three borrower groups from the surrounding area were cycling out; that is, three groups were making their final repayments to WSDS and I was there to collect journal information for Kiva for the first time in India. It was a truly exciting, heartwarming, and awakening day for me, because it was a chance to see what these women have really been able to accomplish over the course of their six month loans.
So much of what we read and hear about the successes of... Continue Reading >>
Feb 2, 2013 US United States


MEET JESSIE GOLDENBERG: entrepreneur, New Yorker, and - as of today, Feb 25, 2013 -  Kiva Zip’s 150th crowd-funded startup in the US. 

Jessie is a smart, resourceful, double-shift working Brooklynite and NYU graduate. Her 6 month old business idea - turning a used 14-footer truck into a mobile fashion boutique that tours festivals, markets and college campuses called NOMAD - is already revenue-generating. So it begs the question: why did someone like Jessie...

Continue Reading >>
Feb 2, 2013 NI Nicaragua
Mural outside Tecnosol's office in Managua, Nicaragua

For a moment, think about what you do in a normal, everyday, 24-hour time period.  Take a second; no rush. 
Got it?  Now imagine it without electricity. 
I’m guessing a significant portion of your everyday activities would suddenly become impossible, extremely less efficient, or flat-out uncomfortable.  Sure, you could probably go without some of the not-so-necessary first... Continue Reading >>
Feb 2, 2013 CL Chile

What does microfinance look like in a country that’s considered one of South America’s most stable and prosperous nations? (BBC)
That was my immediate thought when told I would be working in Santiago, Chile as a Kiva Fellow. Understanding how small loans and accessible financial resources factor into Chile’s economic environment will be my task for the next four months. 
Chile may have one of Latin America’s fastest growing economies, but just 40 years ago, it was home to one of Latin America... Continue Reading >>
Feb 2, 2013 TL Timor-Leste

I arrived in Timor-Leste about a week ago to begin a Kiva Fellowship, and you might be wondering where the heck that is. So I'll try to fill you in on some background while I ease into the place.

I like maps. Here's one of the world:

Timor Is Way Out There (Unless You Live in Australia)
... Continue Reading >>
Feb 2, 2013 TJ Tajikistan
What? Where? Tajikistan is the poorest of the former Soviet states. It shares borders with Afghanistan, China, Kyrgyzstan and Uzbekistan.

Let’s just say that my first 24 hours in Tajikistan were nothing short of a nightmare. After navigating my way through an airport that would have to take out first prize as the worst in the world, I was in for an initiation like no other. I was caught in a car blockade, amidst a drug bust, and surrounded by black leather clad men clutching AK47s. My visa... Continue Reading >>
Feb 2, 2013 EC Ecuador


Ivonne prepping reports from home.

One of the little known facts about micro finance is that it is heavily dependent upon information technology.  Even though loan sizes are small the amount of transactions necessary to properly account for all of the transactions can, in the aggregate, easily exceed a million transactions a year for a given institution.  Recently I had the opportunity to work with Ivonne Balsecca. 

Continue Reading >>