Stories tagged with Ecuador

Mar 3, 2010 EC Ecuador

By Leigh Madeira, KF10 Ecuador

Although it´s more like Sacagaweas here!

What in the world am I talking about?  Well, today, March 13, 2010, is the ten-year anniversary of the US dollar being used in Ecuador.   That´s right, most people are unaware that the official currency of Ecuador (and Panama and El Salvador to name a few others) is the United States Dollar.

The US $100 bill

In early 2000, Ecuador´s economy was in “a...

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Mar 3, 2010 EC Ecuador

By Leigh Madeira, KF10, Ecuador

The more I read the Kiva Fellows blog, the more I realize that there is a lot of controversy surrounding Kiva, its Field Partners, and microfinance in general.  While I welcome the discussion, microfinance is a complicated concept and I have noticed that many times the criticisms are based on misconceptions of how Kiva and microfinance really work in the developing world.  Below please find a list of the most common misconceptions surrounding the topic along with why, in my humble opinion, they are indeed myths.

...

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Feb 2, 2010 EC Ecuador

Josh Wilcox, KF10 Ecuador

Throughout my Fellowship in Peru and now in Ecuador, I have been bestowed the opportunity to launch Kiva partnerships with 2 microfinance organizations and teach loan officers in various communities how to administer loans and interview borrowers.  However, after visiting the town of Chillanes, Ecuador with new Kiva Field Partner Cooperativa San José, this time I didn’t leave with the exciting feeling that I am helping bring the Kiva support and hopefully positive change to more people in underdeveloped communities.

Chillanes is a small,...

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Feb 2, 2010 EC Ecuador

As my first entry in the Kiva Fellows Blog, I thought I would answer the obvious question, “Why did you apply to be a Kiva Fellow”?    Leaving a (paying) job to work for free for 3 months doesn’t always sound appealing, yet I could not be more thrilled to start work in Ecuador as a Kiva Fellow at Fundación D-MIRO this Monday.

While filling out my application to become a Kiva Fellow, I was asked to write a short essay answering this very question and I would like to share with you my response:

I discovered my passion for service...

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Jan 1, 2010 EC Ecuador

by Josh Wilcox, KF10 Ecuador

Please join me in welcoming the latest Field Partner to the Kiva platform and third in Ecuador, Cooperativa San José!  They are headquartered in the small village of San José de Chimbo and have 5 other branch offices within the Bolivar and Los Ríos provinces.  Located in the heart of the country up in the Andes Mountains, Cooperativa San José offers various types of savings and credit products to its members.

Cooperativa San José will be working with Kiva to administer loans to their ventanillas rurales (group loans in the...

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Jan 1, 2010 EC Ecuador

By Josh Wilcox, KF10 Ecuador

Greetings from KF10!  As the first to start a placement with the most recent Fellows class, I’d like to share my first New Year’s experience outside the good ol’ US of A.  During the first week of my Kiva Fellows placement at brand new Kiva Field Partner Cooperativa San José, I was fortunate enough to spend December 31 recognizing and celebrating the Año Viejo (Old Year) while also welcoming in the Año Nuevo (New Year).  At Cooperativa San José, one of the Cooperativa’s suppliers of office materials gave...

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Dec 12, 2009 AM Armenia

By KF9, All Over The World

Merry Christmas! This holiday season Kiva Fellows are celebrating Christmas all over the world, in all sorts of different ways. Whether it be traveling, feasting, or working hard to bring you some additional Kiva magic over the holidays, it’s safe to say we’re all thankful to be serving as Kiva Fellows and glad to have found a wonderful community in Kiva.

We wanted to share what Christmas is like for KF9ers out in the field and around the world. So enjoy – and happy holidays!

In no particular order:

...

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Dec 12, 2009 EC Ecuador

By Kimia Raafat, KF9 Ecuador

With the holiday season upon us and Kiva Gift Certificates flowin like Cristal and Dom Perignon in a Diddy rap video, I figured it would be a good time to review with lenders (both old and new), the process of a Kiva Loan.  Here is a link to the video me and my best friend, Emily Enberg made for the Tongal/Kiva Video Contest…  Happy Holidays!

http://tongal.com/app/submissionDetail.action?id=640;EL1474 

Kimia Raafat is a Kiva Fellow (KF9) at a new Kiva partner, D-MIRO  in Guayaquil, Ecuador.  If you would like to know more...

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Dec 12, 2009 EC Ecuador

By Kimia Raafat, KF9 Ecuador

Like the galloping horsemen on a Ralph Lauren polo shirt, Kiva’s leafy “loans that change lives” logo has come to symbolize a certain status in the world of microfinance institutions (MFIs).  The Kiva stamp of approval signifies that after careful due diligence, an institution has been deemed dependable and successful in their mission to make a significant social impact.

It was only a few months ago that Fundacion D-MIRO Mision Alianza had been approved to join Kiva’s network of 105 field partners.  D-MIRO’s employees are delighted and...

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Dec 12, 2009 EC Ecuador

By Zal Bilimoria, KF9, Ecuador

Ecuador’s 14.5 million residents and their predecessors have experienced much instability in the form of economic strain, political transitions and social unrest. Despite 35 years of civilian government and, for the most part, democratically elected leaders, Ecuador still struggles to improve the livelihoods of the nearly 40% of Ecuadorians that live below the poverty line established by the World Bank. Ten years ago, Ecuador suffered a major economic crisis, forcing the government to abandon its domestic currency and adopt the US dollar...

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