By Zev Lowe, KF 8 Indonesia
The US dollar has recently risen significantly against many currencies. When I arrived in Bali to begin my Kiva Fellowship with DINARI Foundation, I received 10,295 Indonesian Rupiah (IDR) for each of my US dollars. This is 10% higher than a year ago, when the US dollar was worth 9,350 IDR.
How does this fluctuation in exchange rates affect Kiva lenders, partners, and borrowers? Does this mean that an Indonesian farmer or food vendor is left having to bear the burden of the strengthening dollar?... Continue Reading >>