Stories tagged with Rwanda

Mar 3, 2011 RW Rwanda

Many microloans are loaned as group loans. In a group loan, all of the members vouch for the other members’ ability to repay the loan. This helps ensure that reliable businesspeople receive the loan. Since the group accepts responsibility for any default within the group, it also ensures that the loan is paid back.

Michelle and I traveled to Rwamagana, Rwanda to do some training and to observe a borrowers’ group meeting. Each woman gave an update on their loan and the state of their business. One woman in the group really impressed us with her savvy and her long-term...

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Feb 2, 2011 GH Ghana

In the past few months, the Indian microfinance industry has learned that not all publicity is good publicity. A few Kiva Fellows wanted to learn what the issues were, and what can be done to prevent them in the future. We will present our findings in a series of blog postings over the coming days. Given the inherent complexities, the multiple viewpoints and an ever changing political and legal landscape, our work is only intended to provide a top-level summary of the situation as it stands now. If you are interested in learning more about...

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Dec 12, 2010 RW Rwanda

If you are a lender on Kiva then you may have an inkling of how I’m feeling as I write this blog.   Elated and…well…wondrous.

You know that feeling.  The one you get when you’ve gone online and put in your $25 towards a loan of $850.  Then, a few hours later you receive “the update” from Kiva; an email to say 33 other people have done the same thing.  The loan has been fully funded.

It’s a beautiful moment, where elegant software design harnesses people power.  There is something wondrous about it. It restores my faith in the world, in humanity.

So perhaps you...

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Dec 12, 2010 RW Rwanda

  During my first day at Amasezerano Community Bank (ACB), I learned that “Amasezerano” is the Kinyarwanda word for “Promise”. After being here for just about a month now, I have to say that this word is a good fit for Kiva’s new partner MFI in Kigali, Rwanda. ACB, though young and still fairly small, is having an effect on the community through its diverse loan products and dedicated staff. But most importantly, Amasezerano is able to help its community because this institution understands its clients well.

 Amasezerano was founded in 2006 with the help of African Evangelical...

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Nov 11, 2010 RW Rwanda

“Someone told me she loves me, just then…she told me that she loves me and I am so happy.” When an overjoyed stranger took his mobile from his ear and turned to find the first person to share his wonderful news with…there I was.  Someone loved him and he had to let it out to the world.  I gave him my congratulations, shook his hand and landed an encouraging pat on his back.  He was beaming.  So was I.

Aaah Rwanda!  Only two weeks in and every day has been a revelation.

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Nov 11, 2010 KE Kenya

This is the tale of how I ended up in the Nairobi airport feasting on two rounds of iced coffee, countless chocolate bars, multiple samosas, and even the sugar coated ice cubes at the bottom of the cup. Meanwhile, Sarah Curl lay collapsed atop a motel bed in a dusty Ugandan town where she may quite possibly remain until this very day.

A perk of the Kiva Fellowship is having friends who live and work in diverse locations around the globe. After a few months in Kenya, I decided to take advantage of this network of colleagues and visit a KF12 classmate in Kampala. This is the latest...

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Oct 10, 2010 RW Rwanda

Last week in Rwanda, the Ministry of Education (MOE) announced plans to cut its funding programs for university students in order to funnel that money into primary and secondary education.  Currently, Rwanda offers its citizens free1 education through the third year of secondary school for a total of nine years of free education.  The remaining three years of secondary school must be self-financed.  As a result of this free 9-Year Basic Education (9-YBE), Rwanda has one of the highest primary enrollment rates in the region (92% in 2004).  However, this is not a cheap commitment to keep,...

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Sep 9, 2010 AZ Azerbaijan

“Each time a man stands up for an ideal, or acts to improve the lot of others, or strikes out against injustice, he sends forth a tiny ripple of hope, and crossing each other from a million different centers of energy and daring, those ripples build a current which can sweep down the mightiest walls of oppression and resistance.”- RFK

The first news reports on BBC, New York Times, and AP said that the bomb went off at 8:10 in the morning. I swear though, that I heard it at 8:04. It’s not every day that a young American not serving in the armed forces...

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Sep 9, 2010 RW Rwanda

Monday September 6th was a national holiday here in Rwanda as the nation celebrated the inauguration of President Paul Kagame for a second seven year term.  Outside of the filled to capacity National Stadium, I, along with thousands of Rwandans, watched as President Kagame signed the Oath of Office and accepted the Instruments of Office – a copy of the Constitution, a National Flag, and a Coat of Arms.  Later he was given a spear and a shield, traditional symbols that signify his duty to protect the nation.

Elections were held on August 9th and President Kagame garnered 93...

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Aug 8, 2010 RW Rwanda

Child savings accounts have been provided by an array of groups, including non-governmental organizations (NGO’s), financial institutions, and national governments.  Each has its own method and agenda for providing the accounts.  A common form of these accounts is a regular savings account that is open to minors and either held in the minor’s name or jointly with a parent.  This product is generally delivered through the same channels as other savings products.  In addition to providing accounts, the group may also offer courses to teach financial literacy and lifestyle practices.  These...

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