Stories tagged with AFODENIC

Sep 9, 2012 NI Nicaragua

He is named Global Young Leader by the World Economic Forum and is on the Forbes 40 under 40 list.
It is easy to become impressed, maybe intimidated by a person that holds such accolades. But Premal Shah, president of Kiva, is the last person to become intimidated by. However, impressed? Yes, highly. And he was coming my way to Nicaragua.

Premal Shah’s lender page on Kiva. Note that he made over 300 loans.

The only time I...

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Nov 11, 2011 AZ Azerbaijan

Compiled by Jim Burke, KF16, Nicaragua

A Warm Welcome! Manana offers the best from her garden. By DJ Forza, Georgia

This week’s Fellows Blog focuses on adaptability: Adapting microinsurance to poor households in Indonesia, an MFI in Turkey adapts to the needs of women entrepreneurs, a multifaceted borrower in Nepal adapts to market pressures, and a Kiva Fellow adapts to changing expectations. In a continuation of The Stuff Kiva...

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Nov 11, 2011 AZ Azerbaijan

Compiled by Jim Burke, KF16, Nicaragua

We are Kiva Fellows. This is the stuff we like. Here is an insider (often critical, or satirical but always true!) view of what it means to be a Kiva Fellow and promote access to financial services around the world. From party crashing to bazaars to street food, these are the things we like and thrive on. Check out Stuff Kiva Fellows Like (SKFL) #1-9!

#10 Street Food

Mariela Cedeño, KF16, Cochabamba, Bolivia

I’m not...

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Nov 11, 2011 NI Nicaragua

By Jim Burke, KF16, Nicaragua

Daniel Ortega just won a landslide victory to be reelected president of the Republic of Nicaragua.The elections have been wrought with controversy. Human rights groups, opposition parties and the international community doubt the authenticity and transparency of the elections and many citizens feel the elections where robbed by Ortega. Nobody is surprised.

It seemed clear, even impossible that Daniel Ortega would lose re-election. The Sandinista Party, FSLN, are by far the most powerful political party in Nicaragua. A very fragmented...

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Oct 10, 2011 NI Nicaragua

by Jim Burke, KF16, Nicaragua

Marcial Salvador selling high-tops

Mercado Oriental spans 60 city blocks and is the largest in Central America. The market is a jungle of stalls, pushcarts, alleyways and low hanging clothes, fruits, and shoes. It’s a full sensory experience that is almost numbing in its frenetic energy. Flies on meats next to sexy new hair products, car parts and phone calls from the same vendor, sweet smells of fresh baked bread and shoe polish,...

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May 5, 2010 NI Nicaragua

By Bryan Goldfinger, KF10 Nicaragua

Many blogs have been written on the subject of borrower verification visits. In the borrower verification (BV) process, ten borrowers are randomly selected from the institution’s list of current loans and visited to confirm that what Kiva has posted on the website is what is actually happening in the field. To avoid various levels of fraud, neither the borrower nor the institution are supposed to have much notice of the visit (several days maximum, for planning purposes). Due to these factors, BV is typically the one project in which we...

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May 5, 2010 NI Nicaragua

By Bryan Goldfinger, KF10 Nicaragua

In the nearly eight months that I have been a Kiva Fellow, I have noticed that an increasingly common response people have when I tell them we fund microfinance institutions is: “that’s great, but aren’t those guys just getting really rich by charging the poor tons of money on their loans?” It seems as though recent press has given microfinance somewhat of a tarnished reputation.

It is often the case that unless one is directly involved in an industry, it is difficult to know what exactly is going...

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Mar 3, 2010 NI Nicaragua

By Bryan Goldfinger, KF10 Nicaragua

Several days ago I woke up at 4:30 in the morning because my high-power fan, which I position directly on me, three feet from my bed, had blown my sheet and fitted sheet completely off the mattress (yeah, I was confused too).  In order to put an end to the hectic sheet flapping, I switched off the fan. Once I had restored order to my bed, I found a comfortable position and tried to go back to sleep. Then, two things happened that very quickly alerted me to the fact that I had forgotten to turn the fan back on. The first was that I had...

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Jan 1, 2010 NI Nicaragua

By Victoria Kabak, KF9, Nicaragua

As I finish up my placement as a Kiva Fellow in Nicaragua, there is one question that I didn’t know the answer to when I arrived and that still confounds me three months later. Why isn’t Nicaragua a more “popular” country to lend to on Kiva?

The average time to fund a loan on Kiva to a borrower from AFODENIC, the microfinance institution where I’ve been a Kiva Fellow here in Nicaragua, is 5.65 days, almost 2.5 times the overall average (this information can be found on any partner page, under the “Loan Characteristics on...

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Dec 12, 2009 NI Nicaragua

By Victoria Kabak, KF9, Nicaragua

I try not to play favorites, but this week I met my favorite borrower. The borrowers I’ve liked the most so far have been those who are particularly friendly, have particularly interesting things to say, or give me food. Kenia fell into that first category, and I really enjoyed talking both to her and her younger sister-in-law, who helps Kenia make the 60 lunches she puts together every day for a nearby business. Not only did the rest of her family not look at me as if I’m an alien – which I’ve actually almost gotten used to by now! – but...

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