Kiwa loan update
In November 2009 I lent USD 25 to a woman in Benin via Kiwa. Benin is a country in Africa where the average annual income is USD 1,500. I just read on www.Kiwa.org that this woman has now repaid 62% of her loan (it is a one year micro-credit loan of USD 250). She took the loan to increase her business of selling fabric for clothes making. I hope her business has improved.
It feels good to make this "investment" in another person. I do not miss the 25 dollars but to her it makes credit available. Once she has repaid the loan in full, I can loan the 25 dollars to another person requesting a micro-credit loan. Thanks again to my friend Cia who got me interested in Kiwa!
It feels good to make this "investment" in another person. I do not miss the 25 dollars but to her it makes credit available. Once she has repaid the loan in full, I can loan the 25 dollars to another person requesting a micro-credit loan. Thanks again to my friend Cia who got me interested in Kiwa!