Sunday, August 17, 2008

LOANS THAT CHANGE LIVES

A few months ago I joined KIVA* after reading Bill Clinton's book: GIVING: How Each of Us Can Change the World.

I made a small loan to
Salmome Mwakipesile in Tanzania to open a beauty salon.
She is 29 years old and has 3 children.
To date 86% of her loan has been repaid.

I made a small loan to Boeung Sobin from Cambodia to buy pigs for her stand at the market.
She will breed the piglets.
To date 42% of her loan has been repaid.

The funds are credited to my Kiva account once the loan is repaid in full.
At that time, I can withdraw these funds from Kiva or re-lend these funds to a new entrepreneur.

I am inspired by these women and I am impressed that via the internet we can touch someone's life.

*An organization that lets you lend to a specific entrepreneur in a developing country - empowering them to lift themselves out of poverty.

4 comments:

david mcmahon said...

Thank you for the visit and the kind comment.

This is such an uplifting post. God bless you for your generosity.

Tara said...

This is such a wonderful idea! Instead of just donating money, it is giving somebody the opportunity to make it on their own.

Lehners in France said...

Hi I arrived via POTD. I have never heard of this before and it is such an inspirational way to make a difference to someones life. Thanks for sharing and caring. Debs x

Ms. Porter said...

Wow that's amazing. I agree with Tara.