Stories tagged with microfinance
People say the train to Mombasa is a poor choice. It is a 16 hr. ride on average (bus is 9 hrs), when or if it leaves the station. Nick-named the “lunatic express” the Kenya Railway was built nearly a century ago and got its name after going insanely over budget. During construction over 2,500 workers died (malaria, lions, exhaustion) in an attempt to expand access to East Africa’s interior. Today the railroad runs between Mombasa, Nairobi and Kisumu. If it leaves the station and you have some flexibility in your schedule, it’s a beautiful way to see the Kenyan... Continue Reading >>
Last month, Kiva Zip Kenya proudly hosted the inaugural meeting of our Trustee Advisory board. Six top trustees are now taking on leadership roles as board members, creating more cohesion between key players in the program and helping guide its future.
The board will provide feedback on product changes and participate in decision-making on topics such as communication practices, borrower-trustees, and trainings. Together with Kiva Staff, they will meet monthly to discuss best practices surrounding the Zip...Continue Reading >>
At first pass, Germany doesn’t seem like a country that would fit with Kiva’s non-profit microfinance orientation and mission statement. Yet, in Frankfurt, one of the world’s prominent financial centres, an innovative start-up and recent Kiva Field Partner, Yunus Social Business (“YSB”), is pushing the envelope of social business investing,... Continue Reading >>
One cooperative with whom I've been working directly is ACAF. ACAF provides not only microcredit, but technical... Continue Reading >>
I know Thanksgiving is a proper American holiday. Yet, Americans are certainly not the only people who have much to be thankful for. Like Christina Magro (a fellow Kiva Fellow in Nicaragua) eloquently highlighted, microfinance officers play a vital role in the Kiva process but their efforts can go undetected by the Kiva community.
... Continue Reading >>
According to UN Habitat, of the four million people who live in Nairobi, over 60% live in slums, 78% of which do not have running water in their homes. Many struggle to pay their rent of $10-35 per month and rarely have enough food to eat. Their children are very lucky if they are consistently able to attend school. For those in better conditions, this reality becomes all the more confronting when these people are your friends and relatives.
So, when Davis Mkoji got a call in early 2012 inviting him to test...Continue Reading >>
Please note: the following blog post was scheduled prior to Typhoon Haiyan. For the latest updates on our borrowers, Field Partners, field staff and Kiva Fellows in the region, please see our blog post here.