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Followers of this blog know that sometime ago I made a very small loan to a woman through an organization called "Kiva" (www.kiva.org). Kiva is a provider of micro-loans directly to individual entrepreneurs in the developing world. At the time I initiated this small loan, I recall getting several skeptical comments to a post I made about my actions at the time. So, I'm ecstatic to get to report that the loan has been repaid in full by Ms. Tersa Macaza Chachuiaio. Tersa used the funds to purchase a new sewing machine for her local neighborhood sewing business.  Tersa with her new sewing machine and child
After reading the email I just received from Kiva below, please consider making your own $25 loan so that you can participate in this innovative and important support of real people doing real jobs in real places. The fun part is getting to track a loan's funding and then track the progress of the loan recipient. Once the loan is repaid -- and Kiva's repayment rates are better than a bank's repayment rates -- you get to choose another recipient and enjoy the process again and again if you'd like.
To choose a loan to help fund, go to
After reading the email I just received from Kiva below, please consider making your own $25 loan so that you can participate in this innovative and important support of real people doing real jobs in real places. The fun part is getting to track a loan's funding and then track the progress of the loan recipient. Once the loan is repaid -- and Kiva's repayment rates are better than a bank's repayment rates -- you get to choose another recipient and enjoy the process again and again if you'd like.www.kiva.org !
Here's the email from Kiva: Dear Kurt Maddox,
We are very pleased to notify you that the business you have loaned to,
run by Tersa Macaza Chachuiaio, has repaid the full amount of this loan
$400.00. The payment was collected and deposited by FDM (Fundo De
Desenvolvimento Mulher).
http://www.kiva.org/app.php?page=businesses&" title="http://www.kiva.org/app.php?page=businesses&" target="_blank"http://www.kiva.org/app.php?p...;action=about&id=1619 8
The funds from this repayment will be deposited in your Kiva account as
"Available Kiva Credit" in the next 2 to 3 days. At that time, you can
re-lend these funds to a new entrepreneur, withdraw them into a PayPal
account or you can donate them to Kiva's operational expenses. For
further instructions regarding any of these processes, please visit our
help center: http://www.kiva.org/about/help" title="http://www.kiva.org/about/help" target="_blank"http://www.kiva.org/about/hel....
Or, to view your Kiva loan portfolio go to: https://www.kiva.org/app.php?page=account.
Best wishes,
Kiva Staff
_________________________ _____
Loans that change lives
http://www.kiva.org/" title="http://www.kiva.org/" target="_blank"http://www.kiva.org/
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