CREDIT Microfinance Institution, Kiva’s oldest partner in Southeast Asia, and 7th oldest in its portfolio of partners celebrated its third year on Kiva May 3rd, 2009. As one of Kiva’s oldest partners, they have received over $3.1m in loans, making it the most invested MFI in Kiva’s portfolio of MFIs. Through the generosity of over 48,500 Kiva lenders, over 4150 of CREDIT’s clients have received loans ranging from $100 to $1200 helping them run businesses, fix homes, educate their children, supply daily needs, and ultimately enabling them to build a higher standard of living for themselves...Continue Reading >>
Stories tagged with Cambodia
I think that most Kiva Fellows will agree that anytime we meet with Kiva Entrepreneurs we are confronted with a gauntlet of emotions from happy to sad, from inspired to depressed, from energized to drained. While for the most part, for me anyway, the experience tilts towards the positive side of things you never know who or what you are going to run into when you hop on the back of your credit officer’s moto.
I spent the beginning part of this week meeting with twenty-five Kiva Entrepreneurs and felt practically every emotion I can think of. While my first idea for this post...Continue Reading >>
Sophisticated income statements and balance sheets are the standard tools used by global corporates to demonstrate their year-over-year growth and net change in assets and liabilities. I saw my fair share of SEC sanctioned 10K annual and 10Q quarterly financial reports while working in corporate banking in New York City, but from where I stand now as a Kiva Fellow in my third month in the field, these accounting instruments are of no use to...Continue Reading >>
For many NGO’s and even corporate offices, “the field” refers to branch offices and client meetings held outside of company headquarters. “Going into the field” is a very commonly used phrase on the Kiva Fellows blog. This broad definition applies to the work of Kiva Fellows as well, but we get to say we are “off to the field” with extra pizazz because, well – we literally go to the fields.
(You...Continue Reading >>
HKL, the MFI that I am at for my first Kiva Fellowship, has Kiva loans all over Cambodia, which means if I want to visit with a decent number of Kiva borrowers I have to do a fair amount to traveling. Last week I did my first of several week long excursions to a branch office, this time in Siem Reap. Some of you may have heard of this town before as it is the home to Angkor Wat:
Needless to say I did not complain when it was decided that this would be going...Continue Reading >>
Being a Kiva Fellow in Southeast Asia you meet many small business owners. Some of these business owners sell what I like to call “culinary adventures”. So as not to offend people, you get a chance to try many of the dishes. Over the course of my seven months, I’ve discovered after a while to stop asking what it is, and just try it. Some have left their impressions on me though, and I thought I’d share them with you.
Let’s see, in Cambodia you have fried tarantula and various bugs such as beetle, cricket, and bee larva. The most delicious and famous ones come from the Kampong Cham...
One testament to the power of the Fellow’s network, as described in Julie Ross’s excellent post The Importance Of My Fellow Fellows, is the existence of these two videos below. No sooner had Abby Gray (KF6) suggested via a mass email that it would be useful to have A Fistful Of Dollars: The Story Of A Kiva Loan in French so that she can show it to her MFI in Francophone Africa, than offers to translate/edit poured in from around the fellosphere. “Spanish would be great too” lead to a similar rumbling from the Latin American contingent.
Within three days I had...Continue Reading >>
On Monday I was able to meet with a few Kiva borrowers for the first time. I thought I had a good appreciation of both the huge physical barriers that Kiva is able to overcome and the strength that so many of the borrowers possess. I was wrong on both counts. Just going out and visiting 5 clients took all day and the individuals I was able to visit with were more inspiring than I ever could have imagined. I put together a short video in hopes to share some of that experience.Continue Reading >>
Kiva Happy Hour in Phnom Penh
I once heard that Kentucky Fried Chicken conducted a market survey on their brand and found that the words “Kentucky”, “Fried”, and “Chicken” each had negative psychological associations. Hence the change to the more deliciously ambiguous “KFC”.
If this is true, then “Kiva Happy Hour” must surely invoke feelings of warmth and joyous goodwill in most people. Take one fuzzy...Continue Reading >>
Banking conferences in and of themselves are really boring. I attended my share of them as a corporate banking analyst in New York City. Keynote speakers, break-out sessions, networking events, and trade shows all packed into two days of conference center bliss. The Cambodia National Banking Conference held in Phnom Penh February 19-20th was no exception to this formula, however, it was by far the most exciting and significant BORING banking conference I have ever attended.
My name is Katie Davis and I am a new Kiva Fellow (KF7...Continue Reading >>