Stories tagged with loans
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...Continue Reading >>
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 >>
There are two very fun parts about my Kiva fellowship: working in NYC and interacting with Kiva lenders about Accion East clients.
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 >>
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 >>
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...
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 >>
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.
Continue Reading >>
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 >>