Teacher and coach

I loaned $25 to a man in the Congo

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 Republic identified) which prevented the loan from going thru, so while Kiva and the field partner sorted things out, Kiva refunded my $25 which meant I could loan that money to someone else.

So I looked thru Kiva’s loan listings and selected a man in the Congo who wanted a loan to increase the profit he made in his biscuit-selling business by adding purified water.  And last week I got an email letting me know that he’d already posted his first loan payment of $1.56.  Woo-hoo!

Kiva’s a really neat organization.  If you’re looking for a way to help small (really small) business entrepreneurs in poor countries around the world, and you don’t have a lot of money to lend, this could be the site for you.

4 Responses to “I loaned $25 to a man in the Congo”

  1. Edward says:

    this arcticle helps me a lot , i need review my Loan quality.

  2. Crystal Robbins says:

    Hi Lance, I love this! I think I first read about it in the book Giving by Clinton. We’re definitely going to give it a whirl and let the kids be involved. I love the accompanying video of the process. Very special!

  3. schooldad says:

    Hi Simon, thanks for the kind words, and yes, feel free to post this on your blog. It’s always nice to get conversation and links from others interested in the same things.

    Good luck with your thesis on the crisis in the Congo.

  4. Simon says:

    Nice post, something I’m definitely trying to promote also – I think it’s a great idea and gives a great sense of connection. I’m will post this in my blog if that’s ok with you (with a link to here, of course), lovely story.

    Thanks
    Simon

Trackbacks/Pingbacks

  1. schooldad » Blog Archive » Kiva loan update - [...] this year I made a $25 loan thru Kiva to a man in the Congo who wanted to expand…
  2. schooldad » Blog Archive » I gave $25 so a kid could get cleft lip surgery - [...] the charities I decided to support last Christmas (in addition to Kiva, which I talk about here and here)…
  3. You, Me, & the Media - Mobilise for Change « Stop Conflict: DR Congo - [...] I loaned $25 to a man in the Congo [...]

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