NORTON META TAG

23 September 2011

MY LATEST LOANS THRU KIVA 23SEP11

EVERY loan I have made through KIVA has been paid back or is being paid back on time. Every single one, even those made to people living in countries torn by war and political instability. Every loan paid back. Here are my 23 & 24th loans, check them out and if you have $25 to spare maybe you can make a loan too. Peace....



Andon
A loan of $2,150 helps Andon to purchase inventory from community cooperatives to sell.
15% raised, $1,825 to go

$25
Repayment Term:
25 months (more info)
Repayment Schedule:
Monthly
Pre-Disbursed:
Aug 31, 2011
Listed
Sep 22, 2011
Currency Exchange Loss:
N/A
Default Protection
Not Covered
Your funds will be used to backfill this loan.
Repayments will go to you.




Andon spent most of his adolescence moving to and from different countries, including Chile, Mexico, India, and multiple states in the US. He says that along the way his family was a part of every socioeconomic class, from “third world rich” to “first world poor”. His father built oyster and shrimp hatcheries all over and taught Andon about the customs of Latin America. In 2008, Andon took a journey from Appalachia to Yucatan to learn about how he can contribute to forest restoration- this is how Andon’s non-profit, New Forest Earth, came to be.

New Forest Earth works with community cooperatives in Mexico and Ecuador to bring handcrafted, sustainable goods to customers in the United States. These goods vary from recycled paper journals, jewelry made from plants in the Amazon rainforest, and USDA organic, Rainforest Alliance certified chocolate. The goal of the business is to fund reforestation and indigenous cultural development projects. The organization has a large support group, including interns from universities and even children as young as 12, all trying to raise awareness amongst their peers.

Andon hopes to expand his business across the United States, and with this loan from Accion USA, he will purchase inventory from co-ops, which will allow him to sell more products and in turn contribute to the mission of reforestation.

Help New Forest Earth raise awareness by visiting the website here:
http://www.newforestearth.org/

Additional information about this loan

Important information

Kiva realizes that access to credit is a challenge for entrepreneurs everywhere. Kiva started out as a website focused on developing-world entrepreneurs. In June 2009, Kiva began experimenting with allowing entrepreneurs in the United States to raise money on its website. If this is something you support, please feel free to fund this loan. If you have questions, including how an entrepreneur in your neighborhood might get a loan, please visit our Help Center and click on "Loans in the United States."

About the Country

Country:
United States
Average Annual Income:
$47,000
Currency:
United States Dollars (USD)







Efficacité Plus Group
In this Group: Horace Omba, Jeanne Bafeti, Bernice Kavundji, Bernadette Belende, Nadine Etota, Hortance Mukoko, Pilchérie Mayitidi, Marie Kena, Marc Toko, Vicky Tshiela, Bibiche Muyenga, Wekola Becha, Jacky Kongodima, Willy Mayamba, Elia Blondel, Stéphanie Limaya, Sylvie Mbala, Esther Mansanga, Jason Mavidi, Hélène Mobeli, Claudine Lokaso, Lucie Assani
A portion of Efficacité Plus Group's $3,500 loan helps the borrower described to purchase dozens of prepaid cards to resell in order to increase his working capital.
46% raised, $1,875 to go

$25
Repayment Term:
6 months (more info)
Repayment Schedule:
Monthly
Pre-Disbursed:
Sep 12, 2011
Listed
Sep 22, 2011
Currency Exchange Loss:
N/A
Default Protection
Not Covered
Your funds will be used to backfill this loan.
Repayments will go to you.
Horace is the leader of a Community bank named “Efficacité Plus”, which is composed of 22 micro-entrepreneurs united in solidarity to receive loans from Kiva through IMF HOPE RDC, with the goal of developing their businesses.

Horace, 35 and married, sells prepaid cards. He has been in business since 1997. With hard work and good management, he has been able to stabilize his business by delivering prepaid cards in order to increase his working capital. He makes a profit of about $20 daily. Horace’s ambition is to become a prepaid cards provider in his area. As he wants to develop his business, he has decided to join one of Hope’s groups. He is planning with the next loan to purchase dozens of prepaid cards and resell them at a profit. Horace has five children whose ages vary between 9 months and 9 years old. Two of them attend school.

Additional information about this loan

This is a Group Loan

In a group loan, each member of the group receives an individual loan, but is part of a group of individuals. The group is there to provide support to the members and provides a system of peer pressure in repayments of loans. However, groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, the members of the group are responsible for paying back the loans of their fellow group member if someone is delinquent or defaults. Learn More

About the Country

Country:
The Democratic Republic of the Congo
Average Annual Income:
$119
Currency:
United States Dollars (USD)

No comments:

Post a Comment