Stories tagged with Lending

Nov 11, 2014 GO Global Update
If you’re thinking about becoming a Kiva Fellow, there are a few invaluable skills you should develop prior to entering the field. This list has been tested and compiled based on multiple fellows’ experiences. If you can nail all five of these skills, you are on your way to becoming an excellent fellow. You’ll do Kiva proud.
 
1.     The ability to shower in a bucket.
 
The skill: It’s very likely that at some point during your fellowship, water for a shower will be unavailable. Sometimes for days. Sometime for weeks... Continue Reading >>
Nov 11, 2014 PY Paraguay
So we've all been there. At least I have. I'm starting up the Kiva website to go look for a new borrower to support. I might click on one of the pictures right on the homepage, because something catches my attention. A smile, an animal that snuck onto the image, a background that looks intriguing. But I'd quickly get on to the filters, and the first one I check is always the same: only show me loans of women borrowers. How discriminatory, right? So like I said, I'm guilty of the same crime, but instead of just arguing with gender equality, let me give you two good reasons to support a...
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Nov 11, 2014 MW Malawi

Mary, a role model for others in her group and town.


Mary is 38 years old and mother to a 7 year old child.  

 

In just over 2 years she has gone from selling vegetables at the roadside to being the proud owner of a hair salon with 2 employees, and has plans to open another shop in the near future.

 

“I always wanted a...

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Nov 11, 2014 VN Vietnam
An open stretch of road outside of town


We've all heard this many a time and every time the unexpected occurs, it catches us by surprise. We feel like we've lost a bit of control (if only for a short moment) because we were so meticulous about our planning and we wonder how we could of found ourselves in such a situation.  This is especially true when you're on the road; sometimes the unexpected can become a pleasant surprise, where you get lost in a city, but are still able to maintain a sense of... Continue Reading >>
Nov 11, 2014 TL Timor-Leste
I’ve been on quite a few roadtrips in my life, but this past month in Timor-Leste I embarked on the ultimate roadtripping adventure, complete with dusty dirt roads, winding seaside cliffs, steep rocky mountains, new friends picked up along the way, overnights in obscure places, a five-song Bob Marley playlist, and many, many unexpected road blocks. The route was designed with one mission in mind: to meet ten Kiva borrowers and verify that their information was accurate on the Kiva website (and to chat and hear about how the loan has helped their business!). The task sounded easy enough. Since... Continue Reading >>
Nov 11, 2014 US United States
"Balloon Flower" by Koons

There are two very fun parts about my Kiva fellowship: working in NYC and interacting with Kiva lenders about Accion East clients.
"Red Cube" by Noguchi

I have been a Kiva lender since 2011, but it wasn’t until I joined Accion East as a fellow that I started participating in Kiva lending teams. When an Accion East staff member asked me what a lending team was, I said “basically, you can talk to and... Continue Reading >>
Nov 11, 2014 US United States
Statue of Liberty

Kiva lenders make loans to individuals seeking to improve their business. They support expanding access to capital for these entrepreneurs. Most people know Kiva for its work across the globe – but did you know that includes the US? Kiva works with US-based microfinance institutions to address the lack of access to capital small businesses face around the world.

In the US, we hear a lot about the importance of small businesses. The vast majority of these small businesses employ... Continue Reading >>
Nov 11, 2014 XK Kosovo
Here’s a pop quiz question: how do you find a borrower in rural Kosovo?

How about when no one has their address, and the loan officer handling their case has left the microfinance partner organization you’re working with?

Part of a Kiva Fellow’s job is to conduct something called a borrower verification, or BV. A BV is an audit of sorts; fellows are tasked with tracking down ten borrowers and checking to make sure that the information that Kiva has on file matches reality.

The tricky part is that borrowers can be difficult to find. This is particularly... Continue Reading >>
Nov 11, 2014 NI Nicaragua
A severe drought has affected Nicaragua during 2014 on what is thought to be the worst in the last three decades. In response, rural communities have started managing their natural resources better and designed strategies to implement a change in rural Nicaragua.

During one of my visits to a borrower I found an inspiring story of a group of women having training sessions on food preparation and cooking tips. They mainly work with three native products that grow abundantly in central Nicaragua: Pejibaye, Yuca, Quequisque.

...
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Nov 11, 2014 AZ Azerbaijan
The modern Baku skyline


One of the most rewarding aspects of being a Kiva fellow is travelling to remote towns and villages and meeting borrowers whose lives are impacted by our loans. Recently I had my first field trip in Azerbaijan and would like to share some observations and stories.

Leaving the Baku cityscape behind you everything quickly turns rural and much more basic. Go beyond the main highway and up any narrow side track and you are transported back in time to a land where the horse... Continue Reading >>

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