This past Christmas my parents gave me a gift card to the micro-lending website KIVA, which I just recently used to lend to a fascinating family in Africa.
But first, if you have never heard of micro-lending, well then there is a chance you have been living under a rock. And coming from someone who has been in the jungle for two years, that is really saying something. So here is a quick explanation. Or at least, what I understood from HowStuffWorks.com:
People at home can lend a minimum of $25 to a borrower of their choice. Most of the borrowers are asking for loans from $100-$1,000, so it takes several different lenders to equal their need. Then, through the magic of the interwebs, it goes from KIVA to one of 450 field partners in countries all over the world. These field partners are lending institutions that monitor the loans and make sure people pay them back. (The Kiva website states that their repayment rate is 98.91% which seems pretty awesome. I daresay that is better than most American banking institutions). I also think it’s important to point out that Kiva gives 100% of your donation to the lender, and their business subsists solely on donations, volunteer work and business partnerships.
Now this is the best part: Once your borrower repays the loan, you get paid back in “Kiva Credit” so you can keep loaning that same amount to another person! Or, if you want, you can withdraw your money back. But honestly where’s the fun in that? There is a cute one-minute video on the website that explains things with pictures.
Once I fully understood how everything works (not really) I got excited about picking my borrower. On the website you can scroll through hundreds of profiles and pick the very person you want to contribute to. So with great pleasure, I present my borrower: The Gbedjromede family, led by Agbannago, who is the woman in the middle (I think my spell check just exploded).
They live in Benin, which is a small country in West Africa. The three women are family members and want the loan so they can expand their palm oil and palm wine manufacturing and exporting business. Well wadda ya know wine just happens to be one of my favorite things!
I picked them for several other reasons:
- Awesome dresses ladies. Love it.
- Her bio says that Agbannago is a mother of four kids so she clearly needs all the help she can get.
- Finally, the website provided information about the NGO/lending institution that will deliver the loan. It’s called Alidé and in the local Benin language it means “a path always exists [for the very poor].” Their delinquency rate is .65% which, from what I gather, means that over 99% of the people they loans to, pay them back on time and in full. They have similarly good credentials listed on their site but they were very number-y and complicated-sounding so I’m going to assume they know what they are doing.
The Gbedjromede family has asked for a loan of $525 which is the equivalent of 262,316 Benin francs. Once enough lenders give them loans from Kiva, they will receive the funds from the aforementioned field partner and then they have 13 months to implement the funds and then repay the loan. So 13 months from now, I will get $25 in Kiva credit to pick another entrepreneur to lend to. How exciting!
I think this is such a cool concept and the very definition of grassroots development as a sustainable way to lesson world poverty. At the risk of sounding like a complete public service announcement, I think more people should get involved in micro-lending. Because $25 to me is five trips to Starbucks. But to the G-bed family (I just made that up) on the other side of the world, it will help them work towards a higher quality of life.
Awesome.
More links:
https://www.microplace.com/ Microplace is another micro lending institution, however this is different because a lender has the ability to earn interest off their loan.
http://www.kiva.org/lend Browse hundreds of people around the world awaiting loans
http://www.kiva.org/gifts/kiva-cards#/print Buy a gift card for someone so they can go online and donate to the G-bed family too!
**I am in no way affiliated with Kiva and I wasn’t paid to write this. Although if ya’ll are hiring I am obviously interested…









































Amapala is the only island belonging to Honduras on the south coast, the Gulf of Fonseca, and it is surprisingly small. One of the lancha captains told us it was 18 kilometers wide and there are only about 2,500* permanent residents, including one of our own H16 Peace Corps Volunteers. There are several little islands scattered in the area but the others belong to either El Salvador or Nicaragua. That said, from just about any vantage point on the island you can very clearly see coasts of the other two countries near by.




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