Kiva

My first loan with Kiva was a success! Thach Sarin repaid his loan to build a new house for him and his family over the 13 month term of the loan. The $100 was credited to my Kiva account. It's possible for me to withdraw the money, but there's so many good businesses still out there that need the capital to get started. Most of these borrowers would never be able to receive a bank loan because of a lack of collateral. But with Kiva that doesn't matter.

This round I decided to diversify my $100 into four loans of $25. I lent to Ms.Ropati who has a small farm in Samoa, Ms.Garcia who owns and runs a stationary store in Mexico, Mr.Valenzuala, a blacksmith in Mexico, and Ms.Alechanova who has a clothes kiosk in Ukraine. If you want to know more about these 4 businesses, you can see them on my lender page. But better yet, why not try loaning yourself at Kiva.

Pic-Ms.Ropati on her farm in Samoa