Our new KIVA loan is going to a cooperative of women in Kampala, Uganda: Catherine, Victo, Angella, and Norah.
Catherine, the leader, is twenty-five years old and married with one nine-year-old child. She and her family live in a one room house with no access to electricity or piped water.
Here's what else KIVA has to say: Catherine has a stall, and that is how she makes a living. She rents her stall at $9.25 a month and gets about twenty customers a day. She buys her produce from Nakawa market and works seven days a week. She has worked at this business for three years now. Prior to this she was frying edibles. This is her seventh loan since she joined MCDT, a Kiva field partner, and has been with them for four years, working with the same group members. Catherine wants to use this loan to buy boxes of tomatoes and also to start buying directly from farmers. She hopes to build a house from her savings.
We'll keep you posted on their progress. We're thrilled to be able to participate in this micro-lending program thanks to your purchases from World Peace Jewelry. We believe we can change the world by doing just one little thing at a time.
Showing posts with label microlending. Show all posts
Showing posts with label microlending. Show all posts
Friday, April 24, 2009
Thursday, April 23, 2009
Our KIVA Loan Repaid!
How wonderful it is to say that our KIVA loan has been repaid in full by Victor, a weaver in Ayacucho, Peru
Victor is a member of the Confianza (Trust) Village Bank. He is 30 years old and lives with his girlfriend and their daughter. Victor and his brothers own a workshop where they make weavings on a loom. They then sell their weavings in a local market. Victor has been working as an artisan for 14 years. Victor requested a loan of 1000 soles to buy wool and dyes for his weavings, as well as to buy new heddles for his looms, since they need to be replaced periodically and his have gotten worn out. Victor's goal for the future is to export his work to sell. He may be able to do this through FINCA Peru Exports, a branch of FINCA that works with artisans to sell their work internationally.
Victor is a member of the Confianza (Trust) Village Bank. He is 30 years old and lives with his girlfriend and their daughter. Victor and his brothers own a workshop where they make weavings on a loom. They then sell their weavings in a local market. Victor has been working as an artisan for 14 years. Victor requested a loan of 1000 soles to buy wool and dyes for his weavings, as well as to buy new heddles for his looms, since they need to be replaced periodically and his have gotten worn out. Victor's goal for the future is to export his work to sell. He may be able to do this through FINCA Peru Exports, a branch of FINCA that works with artisans to sell their work internationally.
Sunday, January 18, 2009
Kiva Update
We been notified that our most recent Kiva loan recipient (Victor, a weaver in Peru) has begun to repay his loan! That's great news and means we'll be able to help another loan applicant soon.
2008 was an incredible year for Kiva. In December alone $3,827,400 was loaned to entrepreneurs and gift certificates totaling $2,156,125 were purchased.
World Peace Jewelry is proud to be a Kiva Loaner. Since it's beginning just over 3 years ago Kiva has raised $55,521,085 and 125,496 entrepreneurs have been funded in 156 countries with a repayment rate of 97%.
2008 was an incredible year for Kiva. In December alone $3,827,400 was loaned to entrepreneurs and gift certificates totaling $2,156,125 were purchased.
World Peace Jewelry is proud to be a Kiva Loaner. Since it's beginning just over 3 years ago Kiva has raised $55,521,085 and 125,496 entrepreneurs have been funded in 156 countries with a repayment rate of 97%.
Kiva - loans that change lives!
Wednesday, December 10, 2008
We Support Kiva
A portion of our profits have always gone to several different charities. This year we're proud to support the Kiva Microlending general operating fund, as well as being a "loaner."
At the moment we're lending funds to Victor, who is a member of the Confianza Village Bank in Peru. Victor and his brothers own a workshop where they make weavings on a loom. They then sell their weavings in a local market. Victor has been working as an artisan for 14 years and his loan is to buy wool and dyes for his weavings, as well as to buy new heddles for his looms. Victor's goal for the future is to export his work. He may be able to do this through FINCA Peru Exports, a branch of FINCA that works with artisans to sell their work internationally.
From time to time we'll update you about Victor, as well as other loan recipiants your purchases from World Peace Jewelry help to fund.
Care to join us? Read more about Kiva.
At the moment we're lending funds to Victor, who is a member of the Confianza Village Bank in Peru. Victor and his brothers own a workshop where they make weavings on a loom. They then sell their weavings in a local market. Victor has been working as an artisan for 14 years and his loan is to buy wool and dyes for his weavings, as well as to buy new heddles for his looms. Victor's goal for the future is to export his work. He may be able to do this through FINCA Peru Exports, a branch of FINCA that works with artisans to sell their work internationally.
From time to time we'll update you about Victor, as well as other loan recipiants your purchases from World Peace Jewelry help to fund.
Care to join us? Read more about Kiva.
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