Tuesday, July 20, 2010

Kiva update

I knew of KIVA.org but not the details until my friends Larry and Carol gave me a gift certificate which translated into funds to lend to micro entrepreneurs worldwide through KIVA.

Kiva connects people through lending to alleviate poverty.

What a rewarding journey that gift has provided ever since. This post is my current KIVA report.

Overall, Kiva.org. As of December 25, 2009, Kiva has distributed $110,671,610 in loans from 631,345 lenders. A total of 157,207 loans have been funded. The average loan size is $401.66. Its current repayment rate is 98.13%

My first post about Kiva and my microloans in December of 2007.

Check out the results!

Existing /past loans:

Chantal Dolou. Lomé, Togo. 100% repaid!

Allahverdy Kuliyev. Absheron Region, Azerbaijan 100% repaid!

Srey Touch Nuon Group. Chheu Teal Phluos Village, Cambodia. 41% repaid. Right on target.

Josefina Aurora Castro Barrenechea. Cochabamba, Bolivia. 24% repaid. Right on target.

New loan:
Canal De Bendicion 6 Group. La Romana, Dominican Republic.
$1,550 loan request. Now fully funded.

This is all funded from a $100 gift from friends.

KIVA.org home page. Check it out!

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