Today was my first day of work at IMCEC, a Senegalese MFI based in Dakar. I’m working out of their offices in Thies, a smaller, hotter, dustier, and boringer city about an hour and a half from Dakar. IMCEC currently manages the Kiva partnership in a very decentralized way, and is having a lot of trouble meeting their $80,000 a month fundraising limit – in January they only posted $7,500-worth of loans on the Kiva site. What a waste of free capital!
Happily, they just hired a woman to manage the Kiva process. It’ll be my job to train her and...Continue Reading >>