ctcline

Fellows Blog Posts by ctcline

Aug 31, 2011 NI Nicaragua

By Casey Cline, KF 15, Nicaragua

There are 137 local microfinance institution partners around the world on the Kiva platform.  Not only does each benefit from the access to a completely new universe of individual lenders, but they also receive loans with no interest charges from Kiva.  This does not mean, however, that being a Kiva field partner comes without costs to the local institution.  On the contrary, it often requires a significant amount of upfront expenses such as hiring of additional resources, training, and systems implementation, as well as the associated...

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Jun 23, 2011 NI Nicaragua

By Casey Cline, KF 15, Nicaragua

Leaving behind a developed country that is still trying to deal with the effects of its credit-obsessed culture, I was very interested in seeing first-hand what type of relationship with credit I would find in the developing world. Most would agree that Nicaragua has a recent history marked by political instability, and partially as a result, has an economy that has experienced years of slow (and often negative) growth. As might be expected, the presence of microfinance here is essential to the stagnant economy, providing small business...

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