Things at CRAN have been pretty hectic the past couple weeks. At the end of February, CRAN is having an international rating done. This basically announces to the entire microfinance world how well CRAN is run as a MFI. A good rating could mean new sources of capital as well as world-wide acknowledgement of CRAN as well as one of the top MFIs in Ghana. However, a bad rating would be a set back for the organization and would dampen spirits within the organization. All CRAN employees have been working extra hard the past several weeks to ensure they...Continue Reading >>
This past weekend was very exciting for Tanzania. As a part of President Bush’s tour of Africa, he visited Dar es Salaam. It was the first visit by an American President, since Clinton’s visit in 1998.
With typical Tanzanian hospitality, Dar was ready for the occasion, and I couldn’t help smiling… Banners were strung up that featured the Stars and Stripes crossed with the Tanzanian flag, and welcomed “Your Excellency President Bush.” Billboards were scattered throughout the city featuring a panorama of Kilimanjaro, with an artist’s rendering...Continue Reading >>
Literally. Last Tuesday was the first day it rained since I have been in Dar. There was no warning drizzle or gradual acceleration. Rather, the sky opened with a clap of thunder, and rain came down that sounded more like gravel than water as it pounded the thin tin roof over my head.
The roof belonged to YOSEFO’s center in the Tandika community. I am told that Tandika is best referred to as an “unplanned urban settlement,” although the vernacular would suggest otherwise. Inside the center, client meeting were conducted by the light of a single...Continue Reading >>
Kampala, Uganda “Poverty reduction is a three legged stool balanced on income generation, savings, and education” according to Mr. Knondoker Ariful Islam, BRAC Uganda Country Manager. “Take one leg away and the stool tips over.”
While Kiva social lenders are focused on the income generating leg of poverty reduction, this discussion pertains to the education leg; specifically post-conflict education in Uganda.
Education is one of the first victims of civil conflict in Africa. This is especially true where children are targeted as potential child soldiers...Continue Reading >>
I am finding myself in situations here that require much moral thought, and I can’t seem to come up with the right answer, no matter which choice I make. There are children everywhere, all of them somehow under the age of twelve, and all of them working the same trade, selling bracelets, scarves, and little souvenirs on the streets, sharing their stories of sadness and begging for your business. I don’t know what to do with them. Long ago I couldn’t have seen anything but goodness in giving to a child- believing that my money and my food will help them out of their poverty. Now, I see...Continue Reading >>
Kampala, Uganda A loan funded by Kiva social lenders benefits the Microfinance Institution (MFI), the lender, as well as the poor borrower. The MFI potentially earns gross profit from the loan to sustain its business and, in the case of a MFI structured as a for-profit company, to generate a financial return for the owners.
Where the MFI is a not-for-profit venture, surplus interest income may be invested in non-financial programs which generate expenses but little or no revenue.... Continue Reading >>
In the United States, to have one’s credit card account put “on hold” would be grounds for getting slightly upset, peeved even. Fortunately, I am here in Cambodia, and when my dad emailed me to tell me that he received a letter from my credit card company saying that my account had been put on hold due to unusual activity, I did not flinch or get terribly nervous. One, this is because you really can’t use a credit card here unless you’re along the riverfront, the tourist mecca, and thus a place I avoid. Two, this is because...Continue Reading >>
By Maren Misner, KF3
I’ve found myself lately in a state of peace I can’t seem to explain nor justify. But peace is much preferred to chaos, and I’ll take it, no questions asked. For the first three months of my fellowship I was based in Lima, traveling from there to the different branch offices around the country. While amazing to experience the intense variety of Peru, it can be unsettling to be in a constant state of movement- just as you get used to a place, you have to leave, wondering what you could have accomplished with a bit more time, what relationships you...Continue Reading >>
A few years ago I was told a story of how to tell a first, second, and third time missionary. If you are drinking a glass of lemonade, and a fly lands in it, a first time missionary will ask for a new glass of lemonade. A second-timer will simply remove the fly, but continue to drink the lemonade. And a third-timer will look at the fly, and without interruption, drink the lemonade, fly and all, giving thanks for the extra nutrition! Last week I left Peru and moved on to Guatemala to begin my fifth month as a Kiva Fellow. Sitting down to a delicious lunch of tortillas, chicken, and...Continue Reading >>
Dr. Victoria Kisyombe pic
Mambo from Dar es Salaam! Mambo to the staff at Kiva, my fellow Fellows, our MFI partners, kiva lenders, and anyone else who wants to jump on the kiva rollercoaster. My apologies for failing to share my impressions of SELFINA, Dar es Salaam, and Tanzania for almost two months. The only excuse I can give is that kiva.org has been too generous with its posting limit, kiva lenders have been too generous and quick with their support, and the subsequent workload has kept me too busy to even think about blogging!
Perhaps the best way to introduce SELFINA...Continue Reading >>