Stories tagged with loans

Nov 11, 2014 KE Kenya
For my Kiva Fellowship I was very lucky to have been placed with One Acre Fund, one of Kiva’s Field Partners in Kenya. I have been in this beautiful country serving as a Fellow for a month and a half, learning about microfinance and its impact at a local level and... I think it’s time for an update!

About One Acre Fund

One Acre Fund is a non-profit organization that supplies smallholder farmers with the tools and financing they need to grow their way out of hunger...
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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 >>
Oct 10, 2014 MW Malawi
Sunset at Cape Maclear


The warm afternoon sun hits my face and instantly relaxes me. After almost 20 hours of travel across multiple times zones, I’m tired but happy to have finally arrived.

I’m in Malawi for my posting with Kiva.org, the micro finance company, and I realize it’s exactly 10 years ago to the month that I was last in the ‘Warm Heart of Africa’. 

Making my way towards town, I constantly scan the horizon and landscape around me looking for a familiar landmark, a... Continue Reading >>
Oct 10, 2014 KE Kenya

One of the best parts of the Kiva Fellowship is the anticipation while awaiting the location of your placement, which could be nearly anywhere Kiva loans are available. Wouldn’t it be great to stroll by the Taj Mahal on the way to work, gallop on horseback through the plains of Mongolia, or take in a sunset on a Samoan beach?


... Continue Reading >>
Oct 10, 2014 ID Indonesia
This past Monday, October 20th, I celebrated with tens of thousands of Indonesians in Jakarta to welcome their 7th President, Joko Widodo, or Jokowi, as he’s affectionately called. Jokowi is the first directly-elected Indonesian president who is not tied to the political or military elite dated back to the Suharto era. He rose to success from poor family background by building a furniture export business in his hometown Solo. He had to borrow money (just like a Kiva borrower!) to start his business and failed several times before he found success. He later became the Mayor of Solo in 2005 and... Continue Reading >>
Oct 10, 2014 GO Global Update, KE Kenya


Resourcefulness is perhaps the most essential trait for any entrepreneur.  In Nairobi’s Kibera district, the largest slum in Africa, that trait is apparent everywhere you look.  In an environment where most residents earn no more than $2/day, resourcefulness is the means for survival, and entrepreneurship a vessel for hope. 

Traveling around Nairobi, and Kibera in particular, evidence of this “scrappiness” permeates the sights.  Security spikes made of broken shards of glass line the walls of housing compounds.  Houses are quickly erected... Continue Reading >>
Oct 10, 2014 KE Kenya
“What if I told you that we provide 0% interest loans for you to grow your business?” was usually the most controversial question during my speaking engagements.
 
“What’s the catch?” usually followed up my statement. “There is no catch, we are just trying to really outreach to entrepreneurs that need small loans and don’t have access to credit, we trust you will appreciate this loan and repay it back”. Silence filled the room while I continued to explain…
 
Sounds too good to be true? Well is it too good and it is also true… Kiva Zip is really... Continue Reading >>
Oct 10, 2014 GH Ghana
Microlending in Action

As currently the only Fellow serving in West Africa, I feel quite responsible for ensuring that I do my absolute best when representing not only Kiva (#KivaLove) but also my field partner and my American homeland. (My current partner is a microfinance organization called Grameen Ghana that serves clients in the Northern Region of Ghana. It is not affiliated with the Grameen Foundation but rather - per the organization’s Credit Manager - follows the model of the Grameen Bank in Bangladesh.)... Continue Reading >>

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