Friday, July 29, 2011

Micro Credit - Touching the world

I have been reviewing my Kiva portfolio to see the status of the various loans I've made. If you are not familiar with Kiva you really should check it out.

Back in 2006 I chose to put $75 into micro-credit loans in various places around the word. Since that time whenever the loans are paid back to me I reloan it to someone new. From that SAME $75 dollars I have now put $600 in assistance out to people in the following places:

Dec 2006 - Perris W. from Ongata Rongai, Kenya Supplies for embroidery business

Dec 2006 – Mamadow D. group in Nder, Senegal – to buy an irrigation pump to improve farming

Dec 2006 – Oliver N. from Dar es Salaam, Tanzania – to buy supplies for Batik business

July 2007 - Sambath H from Ta Khmao district, Cambodia – to repair motor bike & buy groceries for sale

Dec 2007 – Makhmadsaid H. from J.Rasulov, Tajikistan – to buy livestock

Dec 2007 - Fuzuli G. from Beylagan, Azerbaijan –to buy sheep

Jan 2008 – Fauu M from Manono, Samoa – for iron roofing for home repair & fertilizer for farm

Jun 2008 – Victoria A. from Pucarani, Bolivia for purchasing milk cows

Jun 2008 – Shamin Noor M. from Arifwala, Pakistan, to buy masonry tools & expand fruit stand

Mar 2009 – Wofunaria from Zana, Uganda to buy food for chickens to raise eggs for sale

Mar 2009 - Dounyu Grou from Wome, Togo to enlarge cabbage production

April 2009 – Rihana Grom from Kot Radha Kishan, Pakistan – Rickshaw / buffalo for milk/ other

May 2009 – Barrio Lido Group from Bolivia – carpentry & brick laying tools

Oct 2009 – Nurbubu S. Group from Balykchi, Kyrgyzstan to buy winter fodder for cattle

Sep 2009 – Hoang Tia Group from Dong Anh- Ha Noi, Viet Nam to expand recycling business / etc

Jan 2010 – Yeradon Group from Segou, Mali to busy food supplies for business

Mar 2010 – Thiem Thi from Dong Anh- Ha Noi, Viet Nam to buy piglets and improve piggery

Apr 2010 – Qoyllority group from Muñapata, Peru to buy sheep

Jun 2010 – Nueval Semilla group from La Paz / El Alto, Bolivia to buy supplies for sewing business

Aug 2010 – Turdubiubiu group from Karabalta, Kyrgyzstan to buy cattle and chickens

Nov 2010 – Musruf C. from Sabirabad, Azerbaijan to buy sheep

Nov 2010- Mnatsakan G. from Sevan, Armenia to buy calves and fodder

May 2022 – Pao K. from Phnom Penh, Cambodia to buy cows and oxen

June 2011 – Nakisunka group from Mukono, Uganda to buy piglets

I'd say that's one investment that I'm VERY satisfied with the return I've gotten.
The stock market may have taken a major hit on our 401K's, but I still feel good knowing that from a small sacrifice on my part I have had an opportunity to make a bit of a difference in the lives of people around the world.

On my lender page I have this quote from Edward Everett Hale: “I am only one, but still I am one. I cannot do everything, but still I can do something; and because I cannot do everything I will not refuse to do the something I can do.”

I'm truly grateful that in this small way I can make a difference all across the world.


Brittany said...

Wow...I had no idea you could even do that. That is amazing to see how many people you have affected with such a small amount of money. I might have to look into that! That is pretty neat!

Belladonna said...

Hi Britt,
Yeah, I am a whole hearted supporter of Kiva. Their loans are in $25 increments, so for less than the price of the two of us going out to eat we can be part of helping people improve their lives. You get to pick who you want to loan to and get regular reports as they pay back. I rather like the idea that in some tiny way I have touch people's lives all over the world.

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