Stories tagged with All

Mar 3, 2009 SN Senegal

Today was my first day of work at IMCEC, a Senegalese MFI based in Dakar. I’m working out of their offices in Thies, a smaller, hotter, dustier, and boringer city about an hour and a half from Dakar. IMCEC currently manages the Kiva partnership in a very decentralized way, and is having a lot of trouble meeting their $80,000 a month fundraising limit – in January they only posted $7,500-worth of loans on the Kiva site. What a waste of free capital!

Happily, they just hired a woman to...

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Mar 3, 2009 KH Cambodia

One testament to the power of the Fellow’s network, as described in Julie Ross’s excellent post The Importance Of My Fellow Fellows, is the existence of these two videos below. No sooner had Abby Gray (KF6) suggested via a mass email that it would be useful to have A Fistful Of Dollars: The Story Of A Kiva Loan in French so that she can show it to her MFI in Francophone Africa, than offers to translate/edit poured in from around the fellosphere. “Spanish would be great too” lead to a similar rumbling from the Latin American contingent.

Within three days I had...

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Mar 3, 2009 PY Paraguay

In Caacupé they make chipa. This mellow Paraguayan town, ensconced between beautiful green hills and canyons, is known for the small, biscuit-shaped snack, which is made with mandioca flour and cheese. You can find plenty of chipa in Asunción as well, but here it grows on the shelves of every food stall and floats through the streets on the heads of

Basilica de Caacupé

hardworking saleswomen. A soft,...

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Mar 3, 2009 PH Philippines
By R

KISS is more than just one of the great bands of the last half century (if you disregard the ‘Unmasked’ era), it’s an acronym introduced to me by a grade school teacher which – unlike most of what I learned in school – has stuck with me through the years.  It stands for Keep It Simple, Stupid.  Whether it’s in areas of communication, design or organization, the KISS philosophy is sage advice.

I’m fortunate enough to have internet access in my apartment here in the Philippines and I had high hopes for networking my WiFi-enabled cell phone and...

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Mar 3, 2009 PE Peru

Upon learning that I had been accepted as a Kiva Fellow and would be heading to Peru to work with a microfinance institution (MFI) on Kiva’s behalf, I had no idea that the organization with which I would be working would be much more than a bank that provides microloans.

Manuela Ramos is an organization that was founded in Peru in 1978 and is dedicated to the implementation of programs and projects that advance the rights of Peruvian women. They have more than ten offices throughout Peru and seven of those are operating with a microfinance program. Their programs include educating...

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Mar 3, 2009 KH Cambodia

Banking conferences in and of themselves are really boring. I attended my share of them as a corporate banking analyst in New York City. Keynote speakers, break-out sessions, networking events, and trade shows all packed into two days of conference center bliss. The Cambodia National Banking Conference held in Phnom Penh February 19-20th was no exception to this formula, however, it was by far the most exciting and significant BORING banking conference I have ever attended.

My name is Katie Davis and I am a new Kiva Fellow (KF7...

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Feb 2, 2009

I had a wonderful time in Haiti, despite the major challenges the country faces. The people, culture, music, art, food and colors kept me fascinated the short time I was there. Kiva will soon be working in Haiti with the amazing help of Esperanza/Hope International! I was given the opportunity to see micro finance in action, and I was impressed.

 
We visited two communities that have received Esperanza micro loans. It was interesting to see how each entrepreneur had such a niche market. For example, one gentleman we talked to bought phone cards and then resold them at...
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Feb 2, 2009 ID Indonesia

The morning commute to the DINARI office on my motorbike no longer takes 30 minutes since I found all the shortcuts (by getting thoroughly lost) so I hesitantly say that I’ve “hit my stride” here in Bali.  Nothing wakes you up like an exhilarating bike ride at 7:30 am, dodging erratic drivers, enormous potholes, stray dogs, pedestrians in the middle of the road, and excessively crowded streets.

Last Sunday I loaded up my bike, said farewell to my two roommates from Jakarta and started the 2-3 hour drive, solo, to the DINARI office in Melaya, a small city in west...

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Feb 2, 2009 GT Guatemala

Many of my friends and family have been shocked, when I explained to them that microcredit loans often carry (what we would consider) usurious/oppressive interest rates. Many of them have asked me how ANYONE could justify interest rates of 30 or 50 or even 100%?

I have tried to explain all the factors that go into how a microfinance bank determines just how much interest it must charge in order to remain a viable business.

I go through the litany of factors contributing to the “high” interest rates—-the fact that it costs as much (or more) to make a $300 loan as it does...

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Feb 2, 2009 HN Honduras

Yesterday all the loan officers and agency coordinators from all over Honduras gathered in the small conference room in Prisma’s main office summarize, discuss and clarify the way Kiva would be implemented in the coming year. This was the final day and our final hurrah. I was so honored that they considered my assistance and their partnership with Kiva worth the administrative cost of bringing everyone together for a day- effectively halting all normal activity. The loan officers from San Lorenzo and Choluteca were up at 3 in the morning to catch the bus to the capital and surely didn’t...

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