Stories tagged with TYM Fund

May 5, 2010 VN Vietnam

By Elena Kuehn, KF 11, Viet nam

Viet nam is a country bursting of energy, activity and a continuous striving of the people to improve their living standards and enable their children to lead a better life. To achieve this people are willing to work incredibly hard. That makes Vietnam a great place for microfinance activities. And not only are the people ready to take on hard work, there is also a financial growth that rewards the effort. In this atmosphere of growth microfinance provides poor families in this country with the means to participate in this growth....

Continue Reading >>
May 5, 2010 VN Vietnam

What have I learned about the nonprofit world?  It’s complicated.  Not the hard to solve kind but rather the kind that consumes a half-century before a dent is made.

The above scene has been painted many times before.  And those looking to help often become discouraged when data starts pouring in.  However, each small action collectively creates that dent a half-century later.  And that dent is the worst case scenario implying plenty of upside potential to accomplish more.

As one contributor to the dent, microfinance assists those...

Continue Reading >>
Mar 3, 2010 VN Vietnam

After four months at ground zero, I hold certain things to be true.  There will always be a tradeoff between quality and quantity.  Also, sustainable aid does not include giving money away.  Microfinance, which encompasses interest bearing loans, is currently a lead contender for sustainable development.  Perhaps that is why it has peaked the interests of so many.  And until most recently, I was concerned its current state was not sustainable.  Why?  Many MFIs are experiencing double digit percentage gains and hitting numbers that make any for-profit enterprise envious.

...

Continue Reading >>
Jan 1, 2010 VN Vietnam

By Alex Duong, KF9, Vietnam

A recent interview with John Hagel of my employer Deloitte sparked the idea for this blog entry (article here).  According to Hagel, the US market is maturing to the point where solely focusing on product and process innovation have decreasing marginal returns.  A good example is Microsoft Office or the iPod.  At first, new products came out every 4-5 years.  Now it seems the product line must be refreshed every 2-3 years.  So what could serving the poor have in common with profit oriented businesses?  It turns out there are plenty of parallels...

Continue Reading >>
Jan 1, 2010 VN Vietnam

By Alex Duong, KF9, Vietnam

Before continuing, please take time to read colleague Victoria Kabak’s post on Nicaragua. I’d like her courageous efforts to be recognized. And if you are out to make a loan today, rather than Vietnam, please consider funding someone in Nicaragua here, particularly a borrower with AFODENIC.

Victoria, I don’t have an answer either. Perhaps build a regression model? But that is probably skewed by my swimming in a quantitative pool these last few days with friends cash flow and NPV.
***

Ok, on to this post about ancillary...

Continue Reading >>
Dec 12, 2009 VN Vietnam

By Alex Duong, KF9, Vietnam

Vietnam has received consistent coverage on this blog since the Kiva Fellows 5th class (KF5).  Often there are snippets or video discussing the dangerous, lawless traffic of the streets.  And until now, there have been no solutions for navigating the madness.  Below is video of what I’m coining as the ‘wiggle.’  Watch how this man avoids cars, pedestrians, and other motorbikes.  Each little twist is a subtle yet intentional twist that finds the next opening.  Click to read about this fellow’s thoughts on Vietnam culture.

... Continue Reading >>
Dec 12, 2009 WS Samoa

By Alex Duong, KF9, Vietnam

I’m going to let you in on a secret: Kiva is one big hunk of love.  Understanding the phrase ‘Kiva love machine’ sheds light on what motivates the work of Kiva fellows everyday.  Why does Rebecca Corey rise at 5:30AM to catch the bus to work?  Why does Thomas Gold risk driving in deathly traffic?  Read on to learn about the bond that unites fellows.

‘Kiva love machine’ exists and spreads because Kiva is about connecting people.  It is infectious and most powerfully displayed through the generosity of everyday...

Continue Reading >>
Oct 10, 2009 VN Vietnam

By Alex Duong, KF9, Vietnam

The CIA World Factbook provides the following details for Vietnam -
Population median age: 27.4
Percentage of population living in urban areas: 28%
Literacy rate: 90.3%
GPD growth rate: 6.2% in 2008, 8.5% in 2007
Unemployment rate: 4.7%

Leaving aside the recent inflation spike, Vietnam offers a young, competent, and dynamic environment that is ripe for putting microfinance to work.

My name is Alex and I will be the only 9th class Kiva Fellow in Vietnam (...

Continue Reading >>
LendingOnKiva