Kiva

I have mentioned Kiva before, as I have been loaning money through them to help support new or expanding family businesses for several years.

You can find Kiva here.

If you haven’t read my previous posts, what happens is that people (myself included) can make a portion of a loan requested.  The minimum loan is $25.00 and that is what I lend.  The needs of the people requesting the loan is modest.  The full loan is usually under $1000. and with a bunch of $25. loans from us, they get the amount they need and then start or improve their small business.  Then they begin to repay the loan, with the funds being disbursed among all the lenders.

My last loan was toMlongo – and this was her request.

Mlongo is a 61-year-old married woman. She has five children.

Mlongo operates a retail shop and sells her goods in a shop. She has worked in this business for four years. Her primary customers are community members. She describes her greatest business challenge to be changing prices and her highest monthly expenses are food, healthcare, and clothing. She owns a house that has neither electricity nor piped water.

Mlongo will use the KES 80,000 ($975.) loan to purchase rice, sugar, maize flour, wheat flour, and cooking fat.

Mlongo aspires to own a permanent business premises in the future. She joined Yehu to access capital.

She is now fully funded and has repaid 33% of the loan.  I now have $8.34 back in my account.  When she has finished repaying, I will have my $25.00 back and will then lend it to someone else.

Except for one time, I have received the entire $25.00 back each time.  Once, I only got $24.00 back, so I put an extra dollar into the account to lend the next time.  Most of my loans have gone to somewhere in Africa over the years and mostly to single person businesses, but that can vary after I read the stories to make my decision.

Kiva has operating costs and they ask for a small donation each time, but I have not always added one onto the loan.

They actually make it very easy for you to loan and right now Kiva will supply the first $25. to anyone who wants to get involved.  It is actually an anonymous donor who is doing this though Kiva.

Click here to take advantage of this offer and help someone out.

So far on Africam today, we have seen Leopards,  Zebra, Kudu, Wildebeest, Elephant, Baboon, Impala, Waterbuck, Common Duiker, Helmeted Guineafowl, Egyptian Geese, Woolly-necked Stork, Black Eagle and Chick and our Cheetah Salome with her cubs.