Stories tagged with microfinance

Oct 10, 2016 VN Vietnam
I had the opportunity to meet some inspiring fisherwomen in Thanh Hoa this week! Two of them said they were able to quadruple their incomes as a result of receiving loans from Kiva over the course of 8... Continue Reading >>
Oct 10, 2016 RW Rwanda
       When I began my Kiva fellowship,  I had so many questions on how microfinance works and does it really have an impact on people’s lives.   As I arrived in Kigali, the understanding of social impact was the first on my list to accomplish.  I wanted to know the Why of Kiva and how can I help to have an impact.  My MFI partner is Urwego Opportunity Bank, and I was excited to spend the next 4 months witnessing and telling their story of the work they do.  
     My first week I met with Agaba, the... Continue Reading >>
Oct 10, 2016 KE Kenya
For the past 60 years, economists have been researching and discussing asset diversification and Modern Portfolio Theory. Developed first by the Nobel Economist Harry Markowitz in his 1952 paper, Portfolio Selection, Modern Portfolio Theory is the study of “a choice of the mean and variance of a portfolio of assets” (1). Modern Portfolio Theory investigates the benefits of diversifying one’s wealth across different assets, be it land, houses, stock, bonds or other asset classes. A key hypothesis in the field is that through the diversification of assets, particularly among assets... Continue Reading >>
Oct 10, 2016 GH Ghana

To say Chereponi is off the beaten path may be an understatement. I arrived in this tiny...

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Oct 10, 2016 SL Sierra Leone
“Despite the hoopla over microfinance, it doesn't cure poverty”1. The validity of this statement is recognized, and the data; compelling. A simple google search will lead you to a plethora of articles about how microfinance is not as effective as promised by NGOs around the world, and that it is a disappointment in the development field234. However, before you scrap the concept and decide your money is better spent with a foundation, I would like to invite you to consider a different perspective.

The average house...
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Oct 10, 2016 BO Bolivia
On waking up this morning, I was surprised to find a message from my co-worker, sent at 5.30 am, that read, “Janvi – there’s a transport strike today, please be careful. Don’t speak with strangers on the street. Honestly, it would be better if you stay home and decide not to come into work.”  

"Protest of Chauffeurs in La Paz" The subtitle of this article explains that the strike has been called on by the Federation of Chauffeurs in La Paz and the residents are extremely unhappy with this "unjust"...
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Oct 10, 2016 VN Vietnam

Humble, good-natured, reliable. These are the qualities I've encountered in the salt farmers - and Kiva microloan borrowers - I was able to visit this past week in Thanh Hoa province...
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Oct 10, 2016 LR Liberia
One of my favorite parts of traveling is the opportunity to try new foods. I’ve never been particularly interested in typical tourist attractions. I would rather explore and wander upon serendipitous experiences. The best way to truly understand what a culture is all about is to sample its cuisine.
Liberia is not particularly well known for its food. It’s a shame though. Trying Liberian food has been a valuable extension of my experience. The dishes are spicy, sweet, and salty; starchy, but full of various meats; and oh so exquisitely prepared and seasoned. Where else could... Continue Reading >>
Oct 10, 2016 BR Brazil
Kid jumping the rope

It's funny how Brazilians have a different date for almost every typical western celebration. For example, Valentine’s Day is celebrated on June 12th and Father’s Day is celebrated on the second Sunday of August. Children’s day (Dia das crianças) is a pretty big event in Brazil too and it is celebrated on October 12th.

As part of this year Children’s Day, my field partner in Sao Paulo, Banco do Povo Credito Solidario, sponsored a day playing with Brazilian kids ("crianças" in... Continue Reading >>