Stories tagged with microfinance

Sep 9, 2015 PE Peru
Proud papa of profitable plants

Shortly before leaving for my Kiva fellowship, I had an iced coffee so good that I thanked the barista.  Today, I got to thank the man who grew the beans--not the actual beans, probably, but the kind of high-quality beans that must have gone into such a drink.  Experts say that while Peru doesn't produce nearly the quantity of its famous neighbor, the quality of its coffee can be even bettter, in part because production is on such a small scale, mostly on tiny... Continue Reading >>
Sep 9, 2015 AM Armenia
Life is very sad according to Hranush Kharatyan, or so the title of her book goes. It is an economic and social commentary examining life in Armenia since this small but proud Transcaucasian republic regained its independence from the Soviet Union, an event that was marked by celebrations of its 24th anniversary last week.

The book focuses on the living standards of Armenians, one in three of whom live in poverty, and the obstacles facing a young nation that is trying to rebuild its economy. During the 1990s, Armenia witnessed the collapse of state-owned industries and a... Continue Reading >>
Sep 9, 2015 GO Global Update
The Caribbean high noon sun embraced us like a heating blanket as we started our short walk through the countryside to Juana's place. The semi-paved dirt road led us by a small market shop, and as she waved to the people inside, she turned and said with a proud smile, "My father is the owner here". I waved back and the four of us continued with a steady walk to our destination.

The big avocado tree marked the beginning of the small property and the little pig tied at the bottom, circled it left and right like a restless guard. Juana opened the big... Continue Reading >>
Sep 9, 2015 BF Burkina Faso, GO Global Update
During my borrower’s verifications, I met incredible borrowers with their own unique story of faith, survival and hope. But among them, one man’s story lingered with me and I could not shake his face off of my mind. The man was Soumaila; a small and humble man with an infectious smile.
Soumaila (in the middle) proudly showing his parcels
As soon as we arrived, he along with his group members escorted us to his gardens and proudly showed us his parcels filled with onions, hot peppers and papayas. But what struck... Continue Reading >>
Sep 9, 2015 BF Burkina Faso, GO Global Update
My first attendance to a loan disbursement was at Micro Start, one of Kiva’s field partners located in Gounghin, Ouagadougou. What started as a routine day turned out to be the most inspiring experience of my life. I was not quite sure what to expect as this was my first time attending a loan disbursement. When I stepped in the room, I gazed through and saw women sitting in groups of three or four murmuring and waiting to be called to the next available window while others are already cashing their loans.
Women waiting to be...
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Sep 9, 2015 ZW Zimbabwe
A conversation with Angeline Murimirwa, Regional Director of Camfed
Angie Murimirwa is the Regional Director for Camfed, covering the whole of the Africa region.  As part of her high profile role, she has recently returned from a trip to Washington to join a panel with Michelle Obama, on the role of young women in the education of girls.  But Angie’s story could easily have been very different.  Her family (in rural Zimbabwe) did not have the money to pay secondary school fees. Fortunately, her case came to the attention of Camfed, who... Continue Reading >>
Sep 9, 2015 DO Dominican Republic

The buzzing sound of a beat up old motorcycle disturbed the morning calm at the small town of Las Galeras (Samaná) in the Dominican Republic. "Moto concho - moto concho?", the driver loudly asked. "No gracias", I replied for the third time in the last five minutes, knowing i was the obvious target of the local moto taxi service, waiting for my ride at the side of the road.
As I wiped the sweat off my forehead, i noticed a white pick-up truck slowly approaching my way. I held my breath as the driver leaned over rolling down the tinted passenger window. "Esperanza?", asked... Continue Reading >>
Aug 8, 2015 KH Cambodia
In Australia (where I'm from), we start learning about money early. From lessons about compound interest in mathematics to budgeting for a meal in home economics, financial "know-how" is considered a survival skill.

The hope, it seems, is that when we start earning money we’ll be able to spend it wisely, save it and even invest it.  

Some of us are more successful than others. 

The point is that handling personal finances... Continue Reading >>
Aug 8, 2015 US United States

My first visit to TriFusion Yoga is through a reference from April Spears, one of our Kiva Zip borrowers in Bayview. When I first walked in I was greeted with a relaxing scent from an incense and a friendly smile of Armando Luna, the owner of this awesome looking and peaceful yoga...

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Aug 8, 2015 RW Rwanda
This summer, I have the privilege of working with one of Kiva's Field Partners, Urwego Opportunity Bank (UOB), in Kigali, Rwanda. As part of their semi-annual roadshow, the UOB management team traveled around Rwanda visiting each of the 13 branches and meeting borrowers. While UOB's default rate is low, 2.1%, the most recent roadshow focused on defaulted group loans (see definition below) with the desire to understand (1) why groups default and (2) how this can be prevented in the future.

Defaulted Group Loans: Loans...
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