Stories tagged with Entrepreneurial Support

Jul 7, 2011 CL Chile

Early this week I had to the opportunity to go out into the field with Kiva staff member Nicolas Lafaye (Portfolio Manager for South America) as he visited Fondo Esperanza in Santiago, Chile.  This day gave me the opportunity to focus on two of my favorite parts of being a Kiva Fellow: talking with clients and taking photos.  With camera in hand we headed out to two communities in the Santiago area, visited clients in their homes and businesses, and attended a Communal Bank meeting.  Here are 3 of my favorite photos from the day, as well as some of what I learned about their businesses...

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Jul 7, 2011 EC Ecuador

By Megan Bond, KF15, Ecuador

“Money is freedom and confidence and choice. And choice is dignity.”

-       Jacqueline Novogratz, The Blue Sweater

 

Eight years ago, Manuel told me, their house was very different from the one I was standing in. The walls were made of compressed earth and the roof was constructed out of dried straw. Manuel, his wife Cristiana, and their six children struggled on a daily basis to make ends meet. Looking for a change, they sought their first loan...

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Jul 7, 2011 SN Senegal

by Tim Young, KF15, Senegal

Burning tyres: the view from my bedroom window

“Y en a marre!” the radio shouts as our 4X4 makes its way along narrow dusty roads to a borrower meeting some 40 kms from Thies. It is the 28th June, the day after the latest serious riots here in Senegal and the four of us bouncing around in the car listen intently. Last night I arrived home to find the roundabout outside my flat once again blocked by burning tyres, while large crowds...

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Jul 7, 2011 CM Cameroon

Science Club from a Local High School

Faith Garlington, KF15
GHAPE (Grounded and Holistic Approach to People’s Empowerment)

Bamenda, Cameroon

In the United States, we see countless images meant to represent poverty in Africa that focus on civil unrest, starving children, HIV/AIDS, and other diseases. The images come from our media, our government, even charities and NGOs working to fight the affects of poverty. But...

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Jun 6, 2011 CL Chile

This is the question I asked myself as I arrived in May at Fondo Esperanza (FE).  After spending 3 months working with Fundación Mario Santo Domingo (FMSD) in Barranquilla, Colombia as part of KF14, I saw first hand how successful individual loans could be in helping people start and grow their own businesses. FMSD had used group lending in the past (and still has a small number of group loans), but found individual loans worked better for their clientele.  Fast forward to my arrival at FE in Santiago, Chile: FE dropped individual loans in favor of communal banks about 9 years ago and is...

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Jun 6, 2011 EC Ecuador

By Kate Bennett (KF15), Ecuador

A bird's eye view of Chunchi, Ecuador

On Monday morning, long before the sun rose on Quito, Fundación Alternativa’s Business Manager, two Loan Officers and I embarked on an all-day journey to remote Chunchi, Ecuador. After the promised “three-and-a-half hour drive, at the most,” we arrived at our final destination another five hours later: a mountaintop with an incredible view of the sun high in...

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Jun 6, 2011 NI Nicaragua

By Casey Cline, KF 15, Nicaragua

Leaving behind a developed country that is still trying to deal with the effects of its credit-obsessed culture, I was very interested in seeing first-hand what type of relationship with credit I would find in the developing world. Most would agree that Nicaragua has a recent history marked by political instability, and partially as a result, has an economy that has experienced years of slow (and often negative) growth. As might be expected, the presence of microfinance here is essential to the stagnant economy, providing small business...

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Jun 6, 2011 PH Philippines

By Allie Cook, KF15, Philippines

An example of an ASKI training for borrowers.

There are currently an estimated 10 million Filipinos currently working abroad, about one-tenth of the population.  They are called Overseas Filipino Workers or OFWs.  OFWs generally see their families once a year.

This means there are millions of children growing up without a mother or father.  Life is put on hold.  Millions of birthdays are missed and marriages are postponed...

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May 5, 2011 CO Colombia

By Nick Hamilton, KF13 Haiti and Dominican Republic, KF14 Colombia

I have now come to the end of my second placement as a Kiva Fellow. I have seen microfinance at work in two organisations – Interactuar and Esperanza International – in three different countries; Colombia, Haiti, and the Dominican Republic. My 6-month stint has been an eye-opener. It’s been fun and interesting, challenging and frustrating.

I embarked on this journey knowing very little about microfinance. I had a notion of the supposed pros and cons of this exciting, largely...

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Apr 4, 2011 ZA South Africa

By Alexis Ditkowsky, KF14, South Africa

Nobuthle at her spaza

Everything is better when you have a neighborhood corner store. In Brooklyn – the last place I lived for more than four months – a bodega was almost always a good sign. Not only could you get food and drink whenever you pleased, but its presence was as if someone thoughtfully left the lights on so you didn’t have to stumble home in the dark.

South Africa enjoys an abundance of...

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