Kiva loan update

by bledsoe on May 23, 2009

Earlier this year I made a $25 loan thru Kiva to a man in the Congo who wanted to expand his biscuit-selling business. This week I got an email from Kiva with an update on the loan. It said:

José vend des gaufres, galettes et beignets. Il est très content car le crédit qu’il a obtenu au mois de février dernier lui a permis d’acheter une friteuse pour fabriquer des beignets en grande quantité. Il faisait avant en utilisant la braise qui coute cher et détruit la foret. José a maintenant beaucoup de clients et son activité a augmenté en stock et revenu. Il remercie très sincèrement tout le monde qui l’a soutenu financièrement.

The more observant among you will notice that this update is in French, and since I don't read French, a quick trip to Google Translate gave me this translation:

José sells waffles, pancakes and fritters. He is very happy because credit he obtained in February enabled him to buy a deep fryer to make donuts in large quantity. It was before using the embers which is expensive and destroyed the forest. José now has many customers and increased activity in stock and income. He thanked most sincerely everyone who has supported financially.

How cool is that! Thanks Google, and thanks Kiva for keeping me updated.


I loaned $25 to a man in the Congo

March 24, 2009

A few months ago I loaned $25 to 5 women in the Dominican Republic thru an online micro-lending service called Kiva.  Kiva works with "field partners" around the world, organizations that actually oversee the administration and repayment of each loan.  It turned out that there was a problem (which the field partner in the Dominican […]

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I loaned $25 to 5 women in the Dominican Republic

January 23, 2009

If you haven't yet heard about Kiva, it's an organization that facilitates micro-loans, loans of relatively small amounts of money for entrepreneurs and business owners in developing countries to start or improve their businesses.  Kiva acts as a sort of middleman in the loan process by 1) providing a website for investors/donors to contribute online, […]

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