Stories tagged with microfinance

Dec 12, 2012 CR Costa Rica

my new ‘hood in San Carlos

A road trip with FUNDECOCA

It’s hard to believe it’s been a month since I arrived in San Carlos and started working at my second MFI. FUNDECOCA is one of Kiva’s newest partners… and they are really excited about working with Kiva!

My fellowship here started off with a bang as I was whisked off on day trips to visit some of FUNDECOCA’s credit communities. FUNDECOCA offers loans to 53 communities...

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Dec 12, 2012 SV El Salvador

Few days ago, an American couple that collaborate with Kiva translating loans sent me an email. The team of volunteers they belong to is one of the most important pieces in Kiva (there are more than 800 volunteers around the world). They make possible all loans, no matter where they come from, are accessible in English.

This couple not only translate loans but also lend money to entrepreneurs through Kiva, especially to El Salvador.  Few years ago, they lived for two years in a little Salvadorean village working as volunteers. When they went back to the USA, they did not want to...

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Nov 11, 2012 SN Senegal

Senegalese cellphone subscribers 2000:     Senegalese cellphone subscribers 2011:

Approximately 250,000                                 Approximately 9.3 million

The numbers are jarring, and the widespread presence of cellphones is palpable.

Before coming to Senegal, a friend encouraged me to keep an eye out for the radical, drastic, and constant ...

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Nov 11, 2012 IN India

By Eileen Flannigan | KF19 | India

Eileen and Irene are both fellows in India.  Eileen is living in Imphal, Manipur and Irene is in Bhubaneswar, Odisha.  While in conversations with one another, we have been struck by how different the cities are.  We’ve compiled these observations to share with you our experiences of the rich and diverse culture of India.  Eileen’s profiled in Part 2 below, while Irene is featured in Part 1.

Relax, get comfy with a cup of chai to enjoy the...
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Nov 11, 2012 KG Kyrgyzstan

Abhishesh Adhikari | KF19 | Kyrgyzstan

When you live in a new culture for a long enough time, you start to realize subtle cultural norms that you wouldn’t have necessary learned by reading a book about the country. I have now been in Kyrgyzstan for exactly 2 months. Here are some interesting facts about the country and its culture that I have noticed after arriving here.

1) Manas: Manas, a warrior who united Kyrgyzstan, is undoubtedly the most popular folk hero in the country. You see this name everywhere. There are streets, statues,...

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Nov 11, 2012 SN Senegal

It’s not a path uncharted, per se; in fact, the use of banks on wheels the world over is surprisingly widespread.  The existence of a mobile bank branch with UIMCEC – the bank with whom I’m working – is recent enough, however, to create quite a stir.

Allow me to present you with (drum roll): banks on wheels.  As the name suggests, they’re adaptable, they’re versatile, and they’re… moveable!  The wheels can come in a variety of forms – from cars, to buses, to vans, to RVs – and the impact they have in developing countries is simply immeasurable.

Needless to say the processes...

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Nov 11, 2012 BJ Benin, TG Togo

The Kouroumlakiwe Group in Togo received a special credit loan from WAGES. This loan does not have to repaid until after their crop has been harvested.

This Thanksgiving I may not be eating turkey and pumpkin pie, but I have many reasons to be thankful. I am grateful to work with two Kiva Partners in Togo and Benin who go above and beyond to provide services to poor clients who previously had no access to formal credit.

Reaching the Poorest of the Poor...

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Nov 11, 2012 SV El Salvador

There is a famous song that defines Salvadoreans as people that eat everything, enjoy everything and do everything. I have checked these lyrics are right. There is a word usually used for referring to Salvadoreans, this is “rebuscados”. If someone is “rebuscado” it means he does the impossible to achieve what he needs: paying back a loan, help a relative or feed his family. As they say, they can even sell rocks to find a way to survive.

Like many countries in the American continent, poverty affects great part of the population and a job is extremely difficult to find. This is why...

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Nov 11, 2012 GT Guatemala

Building relationship for a better Fellowship at the offices of ADICLA in Sololá, Guatemala

As in life, the key to a happy, healthy and productive Kiva Fellowship is largely based on the relationships you form with those around you. The difference with this experience however, is that you don’t have the opportunity to spend years earning trust, respect and admiration from your peers. You must find a way to infiltrate the hearts and minds of your colleagues and clients in a...

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Oct 10, 2012 BF Burkina Faso

Diana Biggs | KF 18 | Burkina Faso

I’d like to think the title of this post sums up my experience in Burkina Faso – perhaps even both professional and personally. I’ll focus on the former here and try to take you through my journey.

Expectations: As a Kiva Fellow, it’s likely you’re a Type A (if on the quirky end), dedicated, well-traveled, highly educated young person, perhaps an experienced professional looking to Pivot (see Patrick’s post for more on that) or mid-studies in a Masters program. Whilst...

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