My Fellowship workplan has been focused a little more on the technical side of things, with more application programming and appraisal analysis than borrower verifications. From such projects, and also because I come from a banking, lending and risk management background, it seems fitting to at least put forth some observations regarding the use of credit scores across the Kenya micro landscape. However, the way we approach credit scoring in the USA is almost opposite from current practices here, where aggregated financial data at the individual level could still be years away....Continue Reading >>
Stories tagged with blogsherpa
My final Borrower Verification trip was to the village of Vehari, visiting Khursheed Bibi. We had attempted to meet her almost a week ago, but the morning of our appointment, her sister had unexpectedly passed away.
Leaving Lahore at 7 a.m., we encountered the first of our two hartals (demonstrations) of the day — tires ablaze, cars overturned and police nowhere in sight.
The protest was against the...Continue Reading >>
Sitting in the Virgin Atlantic flight to London after 10 weeks in the field, I knew of one thing with absolute certainty – Kenya will rightfully own a piece of me forever.
Never have I found myself in a new country, expecting it to change me. But Kenya surpassed all unreasonable expectations. Seeing such diversity of nature, living in local communities, soaking in the culture, meeting small people with big dreams… I transformed myself.
All because I followed a basic survival model I like to call -
The...Continue Reading >>
Through motivating stories, informative videos, intriguing sound bytes and interesting first-hand accounts, this week’s update is quite the smorgasbord of stories from the field. Through accounts of first business loans and stories about successful community banks, Fellows in Georgia and Peru show us the effects of our loans; through sights, sounds and narratives, Fellows in...Continue Reading >>
As I spend more time here in New Orleans — and as I get ready to depart — I have started to appreciate the daily sounds I take for granted. Just as important as the visual scenery, sounds can transport us to faraway locations.
In the past months, Kiva Fellows have shared video stories, insights on public transportation and accounts of our excursions into the field, but we’d like to invite you to experience our everyday lives through sound. Below are some clips that a few of us recorded in our various countries. Can you tell what they’re of or where they were...Continue Reading >>
This savings aspect of UGAFODE has only recently been a possibility and after much hard work and restructuring of the organization. This field partner only became a Micro Deposit Taking Institution (MDI) on September 23, 2011, but they are moving quickly to utilize this capacity in the products they offer to their clients.
Now, back to the training we received on Savings Mobilization. I was impressed that the first half...Continue Reading >>
Let me introduce you to Carmen, Maria and Lina, from the group “Siempre 10 Al Progreso”. They live in the same neighbourhood in Lima, Peru’s capital, so they have known each other for a long time. But since 2008 they share more than their neighbourhood: they belong to the same “alcancía comunal”.
An “alcancía comunal”, sometimes referred to as a communal bank, is a self-organized group of borrowers who guarantee each other’s loans. Most of the loans at Edaprospo, the organization where I am placed, are...Continue Reading >>
Most borrowers on Kiva get loans to help them grow their existing business. But now there are loans on Kiva to help low-income borrowers start a new business. Watch this video to see how “start-up” loans are transforming lives in Georgia….'
Ward Lassoe ...Continue Reading >>
Ah yes, the chicken bus. Aptly-named for the high number of chickens that utilize its services, whether in a cage, with a string tied around their legs or simply held tightly by their caretakers. Chicken buses (or camionetas, at least here in Guatemala) are the primary form of inter-city transport throughout Central America.
Generally obsessed with public transportation both as a hobby and a necessity (Kiva Fellows really get around), I decided to write a follow-up to the post I published during my last Fellowship about public transportation in Santo Domingo...Continue Reading >>
Last week I was lucky enough to join my Entrepreneurs du Monde (EdM) colleagues on a field mission in the Ioba province of Burkina Faso, a rural area that borders Ghana. There, in the town of Dano, is a small EdM office manned by Benoit Some, who covers EdM’s Burkina Faso social enterprise arm, Nafa Naana, in the area.
The small, roadside office doubles as a storage hub and retail outlet for energy-efficient and gas cookstoves (as described in my last blog post).Continue Reading >>