I just got an email update from Kiva, a non-profit organization that raises money in relatively affluent countries and passes it on to microlenders in poor countries. The genius of Kiva is that, as a donor, you get to pick the particular person who receives your money. Each borrower has a profile with background information and a summary of his or her business plan. However, once you make your loan, it will take several months for the borrower to pay. During that time, I tend to forget about Kiva. The new email updates are a great reminder about the people I am helping in my small way.
Sakhorn Oeun in Cambodia
(Activity: Weaving)
You Loaned: $25.00
Newly Repaid: $1.56
Total Repaid So Far: $18.75 (75.00% of your loan)
Repayment Status: Paying back on time
Bùi Thị Quá in Viet Nam
(Activity: Pigs)
You Loaned: $25.00
Newly Repaid: $2.50
Total Repaid So Far: $3.00 (12.00% of your loan)
Repayment Status: Paying back on time
Ruth Ehizena in Nigeria
(Activity: Grocery Store)
You Loaned: $25.00
Newly Repaid: $3.13
Total Repaid So Far: $3.13 (12.52% of your loan)
Repayment Status: Paying back on time
