Stories from Ecuador
Did you know that in the country... Continue Reading >>
We hope that you make a this a special day to remember your mothers and any other women who cared for you like a mother!
P.S. A Kiva Card makes a great last-minute gift!
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I recently had the opportunity to sit down and talk with a grandmother named Angelita. She has been using micro-finance for the last 15 years. I thought she would have some interesting things to say about micro finance.
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One of the little known facts about micro finance is that it is heavily dependent upon information technology. Even though loan sizes are small the amount of transactions necessary to properly account for all of the transactions can, in the aggregate, easily exceed a million transactions a year for a given institution. Recently I had the opportunity to work with Ivonne Balsecca.
By Isabel Balderrama /KF-17/ Ecuador
It’s my second to last week as a fellow in Ibarra, Ecuador and although I’ve seen and done a lot during my time here I’m still in full Panic-Mode as I haven’t yet bought a thing for my friends and family back home and time is ticking away ever so persistently.
Thankfully I quickly remember that I’m only 30 minutes away from the city of Otavalo and its world renown “Plaza de Ponchos”, a national hub for local talent and for beautiful and colorful handmade Ecuadorian crafts. With this in mind...Continue Reading >>
Chris Paci | KF16 & KF17 | Azerbaijan
It’s the beginning of March, and by now, most of KF17 has been out in the field for several weeks. We’ve settled in at our field partners, gotten to know some of our new coworkers, and started to dig a...Continue Reading >>
Isabel Balderrama / KF-17 / Ecuador
The most often quoted fact by Kiva members and enthusiasts is its borrowers’ remarkably high repayment rate of 98.91%. How does Kiva manage to get this vast majority of people, located in all corners of the world, to be this good at repaying back their loans? Is it magic? No, no… The reality is simultaneously simpler, and more complicated than that. It’s a chain really: Kiva relies on its Field Partners to get the job done, and these field partners, in turn, come to rely on their teams of loan officers to interview the...Continue Reading >>
Isabel Balderrama | KF-17 | Ecuador
Even though I’ve only been living in Ecuador for two weeks, I can safely say that I have already learned the three most important things about this country:
1. Ecuadorians love their karaoke.
2. Salty food is a must.
3. “Delfin hasta el fin” is king (look it up… trust me!)
Ok, so those probably aren’t the most important things… let’s just call them fun facts.
One of Ecuador’s adorable “facts.”
Here, however, is one very...Continue Reading >>