I’ve been traveling for the past 2 week to visit villagers who are Kiva borrowers in Myanmar’s Dry Zone. I visited 10 villages in 3 townships, which all in all meant spending about 25 hours on motorbike and 20 hours on a bus. It was a long and tiresome trip. However, I had a chance to learn more about the Proximity Designs’ loan operation on the field and got to know lots of nice and kind people. What I liked the most about the trip were the people; in just nine days they sparked a lot of admiration in me for their dedication and hard work. I was amazed and...Continue Reading >>
Stories tagged with microfinance
The day starts with an early rise. I get picked up at 5am in the obligatory Lada (a small hardworking Russian car) to head out to the remote region of Fuzili. It’s a 4 ½ hour drive from Baku and we want to beat the traffic. I’m spending the day with Komak Credit Union. With me are Afa (Kiva Coordinator) and Farhad (loan officer and designated driver for the day). Along the way we stop off at a mosque that is being renovated to leave a small donation and pray for a safe journey.... Continue Reading >>
Many warungs, or small family-owned shops, crowd the streets of Denpasar, Bali but one is sure to catch your attention. The bright yellow bamboo sign at Warung Bu Sinta reads, “Switch on Life” and the owner, Sumarti, waits outside, ready to explain what her “Tech Kiosk” warung is all about.
Sumarti’s warung is part of a network of “Tech Kiosks” whose owners use Kiva loans to purchase products from Kopernik, one of Kiva’s field partners. Kopernik connects... Continue Reading >>
When she started her construction business three years ago, Bennie was one of the few African-American female-led construction firms in the NYC area. Her business, Bennie Daye Services, provides home improvement and light construction services. By 2013, she had hired ten part-time contract workers and got her Women and Minority Business Enterprise (WMBE) certification. Now, she could bid on larger government contracts. In the aftermath of Hurricane... Continue Reading >>
One of the highlights of the Kiva Fellowship is the opportunity to live somewhere far from home and learn about a new culture. I've met dozens of Kiva Zip trustees and borrowers during my three months in Kenya and unexpectedly forged a strong connection with one in particular. I first met Joseph* when he visited the Kiva office for a trustee interview. Joseph has an extensive background of community development and now continues his work as a pastor in Kenya, providing financial and educational services to his community. As a civic leader, he is a typical trustee that puts a great amount...Continue Reading >>
This might come as a surprise to some, given that the widespread stereotype of the Middle Eastern woman often renders a submissive, taciturn figure consistently dominated by her male counterpart and - even worse - uninterested... Continue Reading >>
The past 109 days of waiting and wondering built a powder keg of massive proportions. Stuffed full of racial tension, palpable fear, and citywide apprehension, the... Continue Reading >>
Kiva Zip is asking YOU this week; in addition to supporting small businesses by “Shopping Small” on Saturday November 29th- we urge you to invest BIG. Invest your dollars in entrepreneurs all over the country funding loans through Kiva Zip.
What’s the benefit to investing? For starters, you get your money back. I don’t think that purse... Continue Reading >>
After two months of my fellowship at the Proximity Design, now it’s time to find out how microfinance is used in practice. I went together with the Kiva HQ staff to visit Tha Pyay Kan village in Pyapon Distric which is about 75 miles south of Yangon and serves as a center for collecting rice from the surrounding agricultural areas. It took us three hours by car and another hour by boat to reach the village.
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