I see from my portfolio page, that I joined Kiva one year ago Monday. So that’s 29 loans in one year. To be quite honest, I’m not sure what my goal was. Twenty four I think, two per month. I’m a bit ahead of that, apparently. I think that’s probably all the new money, at least for a while, and will be making loans from re-investments although I’ll probably add a bit if it’s just a small amount to round it up to a $25 multiple.
As it’s Thanksgiving and having become involved in the Occupy movement, all of this round of loans go to groups because together, we can create a new and better world. All loans were assigned to a new “The 99%” group. There are only 5 other members and It doesn’t look very active (and they could use a good icon designer), but it seems to me that the idea of #Occupy and The 99% are hand-in-glove with those of Kiva. I won’t say it’s all about ending poverty, but certainly a good portion of it is, and it’s a problem that is not being addressed by the large multinational banks and corporations. So it’s up to the 99% to take matters into our own hands.
New loans
There are four new loans, bringing my total to 29 loans so far.These are my first loans to Chile and Indonesia, my second to Paraguay and third to Cambodia. My ratio is now roughly 70% men and 30% women and still heavily weighted in agriculture and food. The new loans are:
CHACO, Paraguay
Food | Grocery Store
18 women from Chaco have joined together with the goal of making a better income by working together. They are very hard-working and enterprising women who fight every day to give their families the best. They are currently in their first cycle in the female entrepreneurs’ programme with Fundación.
One of these woman is Mrs. Eva. She sells basic staples such as: pasta, rice, and vegetables. With this store, she makes an income to support her family. She wants to have a large business one day. She is requesting this loan to purchase pasta, rice, vegetables, and other products so that she can stock up and cover her customers’ demand.
Melaya, Bali, Indonesia
Agriculture | Pigs
The Naga Tegal Wangi group are to receive their first loan from Kiva partner MUK. The name of the group is inspired by the dragon fruit, which are plentiful in this village (Naga means Dragon, Tegal means Garden and Wangi means Smell Good). The members hope that the group will be strong like a dragon and successful, so “smell good” and inspire other people.
Ni Made, 30, is head of the group. She has three children, all of whom are still in school. Her husband works as a chilli farmer on his own land. To support the household, Ni Made helps her husband in the garden and runs a pig business from her home. She already has two sows and they are both pregnant. This loan will be used to buy feed for the sows and the piglets that will be born soon. Ni Made has a plan to be a piglet seller. She hopes that with the support of MUK, the business will continue to grow and that she will be able to help her husband support their children’s education for a better future.
Battambang province, Thmor Koul district, Cambodia
Agriculture | Farming
Srey is a 41-year-old farmer in a rural area of Thmor Koul district, where the typical business is rice farming. She has two children and her oldest daughter works at the rice field while her youngest son is still in school. She has been farming on her farmland for almost 20 years to make a living. She now earns $5 per day to feed her family, and she has less than $1.50 for her savings.
Srey leads a group of two female members. She and her group member have been with VisionFund for two loan cycles and completely repaid the last loan with VisionFund. After her first loan, she can afford enough food for her family and send her son to school. She is now requesting another loan. She will use this loan to buy fertilizer for her farmland and use some to renovate her house.
With this loan, she hopes to increase her crop yield and sell for a good price so as to set aside some savings for future needs and keep her son in school.
Machalí, Chile
Food | Food Production/Sales
The “Sueños cordilleranos” Communal Bank is comprised of 20 entrepreneurs who work in different areas. This includes (amongst other things) the preparation of fast food and cakes, and the sale of clothes. All of the entrepreneurs live in the town of Machalí.
María Fernanda is a member of the Communal Bank. In the photograph she is the lady on the first, from left to right. She has short hair and is wearing a check shirt. She prepares snack foods including roast chicken, pies, homemade bread, tamales (a Native American dish) and “pasteles de choclo” a typical corn dish. All the food is prepared from home as she has a clay oven (wood burner).
She has worked in this area for 15 years. She lives in a rural area in the countryside, which has enabled her to plant vegetables – beans and corn amongst other things – on her own land, and she harvests her crops to use them to prepare her dishes.
She buys ingredients such as flour and meat from a wholesaler located in Rancagua city.
With the loan she will buy a bread maker.
Her ambition is to continue working and to set up suitable, more spacious premises to attend to her customers.
María Fernanda lives with her husband and 19 year old son who is studying a degree in Mining Engineering. Her dream is that her son will become a professional.
She is very happy and grateful for the support offered by “Fondo Esperanza” as it has enabled her to invest in her business. She also enjoys the meetings held at the Communal Bank as the training has taught her to better distribute her income. She says she has also made friends with some members of the group in which there is confidence and respect.
Machalí is a town in the central part of Chile, located in the Libertador Bernardo O´Higgins region. The “El Teniente”, the largest subterranean copper mine in the world, can be found here. Campamento Sewell is located at the entrance to the mine, declared a “Zona Típica” (Typical Zone as decreed by the National Monuments Council of Chile), Cultural Heritage Tourism and World Heritage site due to its unique architecture and construction unique to its location and structure.
Outstanding loans
All outstanding loans are current or paid back. Hurray! It’s getting a bit too long to list in a post, but you can see the outstanding portfolio here.
Join me in trying to make the world just a little bit better.