Oct 31, 2016 VN Vietnam

This is Mrs. Giang! Mrs. Giang has two children, a boy and a girl, who she has raised on her own since her husband passed away. She has been managing a successful tofu making and selling business in Thanh Hoa for eight years. Mrs. Giang recently applied for and received a Kiva loan to purchase an additional, newer, tofu making machine. Her old machine would constantly break and even when it did work, it was very slow. ... Continue Reading >>


Oct 28, 2016 LR Liberia

When most people think of entrepreneurship in developing countries, they do not think of innovation. Even in cases of extreme growth, such as in China, most wealth and development comes from copying what has worked in other places in the past. This is what is known as 1 --> n innovation. No truly new ideas are required; one simply has to copy what has worked n times. 0 --> 1 innovation is qualitatively different: it requires novel ideas.
Business owners on Tubman Boulevard
    ... Continue Reading >>


Oct 27, 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 years. They couldn't ever have afforded to buy the technology, tools and large fishing nets needed to expand their fishing businesses without loans from Kiva. I knew Kiva was impactful, but it's very exciting to see and hear the positive impact in the flesh!  (From the left: Nhung, Thuy and Binh) Here are the nets Nhung received with her Kiva loan: ... Continue Reading >>


Oct 26, 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 Social... Continue Reading >>


Oct 25, 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 25, 2016 GH Ghana

To say Chereponi is off the beaten path may be an understatement. I arrived in this tiny town in the Northern region of Ghana after driving nearly 90 km on a rutted dirt road from the small city of Yendi, which had taken nearly two hours to reach from Camfed Ghana’s office in Tamale. We were close enough that, had time allowed, I could have walked across the border to the neighboring country of Togo. But that wasn’t the purpose of my visit — I had a very special Kiva borrower to meet.

... Continue Reading >>


Oct 24, 2016 VN Vietnam

These entrepreneurial Kiva borrowers from Yên Định, a rural village in Thanh Hoa province, purchased, raised and sold animals in order to pay for...

Continue Reading >>


Oct 21, 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 cost 120M...
Continue Reading >>


Oct 20, 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" development...
Continue Reading >>


Oct 20, 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 in Vietnam, hence my dubbing them "the salt of the earth." This phrase's ancient, biblical origins harken back to a time in which salt was considered synonymous with value, to the extent salt was sometimes used as currency. The phrase also connotes a preservation of societal values, as salt was widely used, and still is used today, as a preservative. This... Continue Reading >>


Pages