I love to lend money to poor entrepreneurs through Kiva. Last month, I shared my Kiva update for March 2013. Here are my stats since then.
- I’ve made a total of 130 loans.
- I’ve lent a total of $3,275, and $2,924.35 has been repaid.
- At this time, 7.11% of the loans I’ve made are past due for repayment.
- I’ve only lost 6 cents due to a currency exchange loss. One of my loans has defaulted. I’ve lost $3.75 to this defaulted loan, for a default rate of 0.15%.
This month, I have $174.35 to relend. That means I can help fund loans to 6 different entrepreneurs at $25 each.
Here are the entrepreneurs I’ve lent to.
Aguida
Aguida is a widow who runs a small convenience store. She’ll use her loan to buy more products and expand her inventory.
Aguida uses the income from her business to sustain her daily needs, which include providing for the everyday expenses of her children. She dreams of having a bigger store, and hopes to give her family a good future.
Learn more about Aguida here.
Rubylyn
Rubylyn is married and has four children. She also runs a small convenience store, and will use her loan to buy more products and expand her inventory.
Rubylyn uses the profits from her business to cover her personal, household, and business expenditures, as well as the educational expenses of her children. Through all her hard work on the business, she dreams of being able to give her family a good future.
Learn more about Rubylyn here.
Nimfa
Nimfa is married with children. She runs a room rental business and also sells ready-to-wear products. She’ll use her loan to repair the rooms she rents and buy more ready-to-wear products to sell.
Nimfa uses the income from her business to provide for the everyday expenses of her family. She dreams that her business will continue to grow so that she’ll have more resources to take care of her family.
Learn more about Nimfa here.
Delia
Delia is married with children. She runs a tailoring business, and also sells frozen foods and herbal products. She’ll be using her loan to buy fabric, thread, and other materials needed in her business. She’ll also buy more herbal products and frozen foods to sell.
Delia uses the income from her business to sustain the daily needs of her family. She hopes that her business will continue to grow, and dreams that her children will have their own business one day.
Learn more about Delia here.
Evelyn
Evelyn is married with children. She runs a small convenience store, and will use her loan to buy more products to add to her inventory.
Evelyn uses the profits from her business to sustain her family’s daily needs, as well as her children’s education expenses. She dreams that her business will grow, so that she’ll continue to have income to provide for the everyday expenses of her family.
Learn more about Evelyn here.
Felix
Felix is married and has three children. He runs a frozen foods business, and also has a farm. He’ll use the loan to buy different frozen foods to sell, and also buy fertilizers and seeds to maintain the farm.
He uses the profits from his businesses to sustain the daily needs of his family. Felix hopes that his businesses will continue to grow, so that he’ll be able to give all his children access to a high-quality education.
Learn more about Felix here.
Join Me and Help Change a Life
Since I joined Kiva in November 2010, I’ve successfully invited 3 people to join me, and those 3 people have made a total of 5 loans. If you’d like to play an active part in combating poverty, join me on Kiva with a $25 Free Trial.
Do good, and do it at no cost. Redeem your Free Trial while they last!
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