Journal entries that make an impact

[Guest]

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[Jan & John]

Very Strange...
I just noticed that those journals I am reading from Kabul...

... Posted by Roya Omari from Kabul, Afghanistan
Dec 24, 2008

have a loan ended date of November 2007

Do you think this MFI is just really, really far behind on their reports to Kiva

jan 

edit: I decided since there are so many of them...
...that it was worth an email to contactus@kiva.org and we'll see what they say

[Mona]

Though I am not really back from my holidays I wanted to share this wonderful update with you  :

http://www.kiva.org/app.php?page=businesses&action=about&id=77198


Nora Capapas used her KIVA Loan to purchase 50 sacks of NFA rice. She tearfully shared that, the loan made a total difference in their lives. She cannot imagined that Paglaum MPC and KIVA lenders are confident to extend a loan. \"Where will we go if not with Paglaum?\", Nora blankly said. Having a child with health problem, the returns of the business supports the medication. The mountainous problem at hand is what encourages the couple to positively handle the rice store with so much care.

She added that they will not rest comfortably with fairly steady business. She dreamed of expanding her rice store into a wholesaler unit that will give big returns. Who knows, one of these days, they can acquire a truck for volume of deliveries.

In the picture, Nora is busy retailing her rice. Out of the 50 sacks, only 5 sacks were left. Its just goes to show that rice sells fast.

[Turtle]

Mona,

I'm also not officially "off-hiatus", but am so glad I popped in to read this.  Absolutely made my day....and reminds me what Kiva really does.  I know the magnificent MFIs already do such great work, but I'm so happy to know that Kiva can help them to make life easier for even more clients.

Thanks, Mona.  Happy remaining-hiatus 

[Lily]

Mona, thank you for the inspirational loan update!

[Jan & John]

Very Strange...
I just noticed that those journals I am reading from Kabul...

... Posted by Roya Omari from Kabul, Afghanistan
Dec 24, 2008

have a loan ended date of November 2007

Do you think this MFI is just really, really far behind on their reports to Kiva

jan 

edit: I decided since there are so many of them...
...that it was worth an email to contactus@kiva.org and we'll see what they say

So the current journal postings from this MFI are now for loans ended in December 2007.

example... http://www.kiva.org/app.php?page=businesses&action=about&id=7915

Wonder how long it will take for them to catch up?

and I also wonder what a lender feels receiving a journal update for a loan long ago paid for?

jan 

[wthepoo]

Wonder how long it will take for them to catch up?

and I also wonder what a lender feels receiving a journal update for a loan long ago paid for?

jan 

Jan,

as Judy already pointed out, Ariana seems to be one of the most reliable Field Partners in term of journal updates. Virtually all my loans with them have seen their first journal update after 2 to 6 months of usually 18 or 24 months. Maybe they just "missed" a few loans or have recently adopted new guidelines, and thus now try to fill any old gaps.

And I should think a lender will appreciate late updates - maybe even particularly because (s)he did not expect them, anymore. It's also a good reminder of Kiva and could lead people to have a look around the site, again.

In any case, I think it's better than receiving an update in French after about half the loan term titled "PREMIER ET DERNIER FEED BACK" (first and last/final feedback), briefly informing lenders that certain difficulties (increased cost of living) lead to a delay by one month. (http://www.kiva.org/app.php?page=businesses&action=about&id=58818)

Best wishes,
Wolfgang.


 

[Jan & John]

Jan,

as Judy already pointed out, Ariana seems to be one of the most reliable Field Partners in term of journal updates. Virtually all my loans with them have seen their first journal update after 2 to 6 months of usually 18 or 24 months. Maybe they just "missed" a few loans or have recently adopted new guidelines, and thus now try to fill any old gaps.

And I should think a lender will appreciate late updates - maybe even particularly because he did not expect them, anymore. It's also a good reminder of Kiva and could lead people to have a look around the site, again.

In any case, I think it's better than receiving an update in French after about half the loan term titled "PREMIER ET DERNIER FEED BACK" (first and last/final feedback), briefly informing lenders that certain difficulties (increased cost of living) lead to a delay by one month. (http://www.kiva.org/app.php?page=businesses&action=about&id=58818)

Best wishes,
Wolfgang.

Thanks Wolfgang, 
I only have the one loan with Ariana myself and it has a nice update at two months by the same Tawfeq Khurush from Kabul, Afghanistan as the ones in Judy's examples. 

These just really jumped out at me because there were pages and pages of them before Christmas and when I went in again on Sunday there were more coming. 

These ones for 2007 ended loans are posted by a new name - Roya Omari from Kabul, Afghanistan. 
Possibly Kiva is communicating to the MFI's to ensure that their policies are being met...
Possibly new or even better, more staff hired to 'fill the gaps' as you say...
And a good partner is trying to be even better as a result?

jan - who thinks even a bad journal update is better than no update at all

[Paula-from-NZ]

I was thrilled to receive this journal entry from Sierra Leone http://www.kiva.org/app.php?page=businesses&action=about&id=33163 - not only does it have an updated photo, a comprehensive update on the borrower and her business but also a SWOT analysis!  The only thing that did surprise me was that the original loan said "pharmacy" but the borrower appears to only sell soft drinks within the pharmacy so it was a little misguiding but I'm still a happy lender about this one 

[Turtle]

Paula, what a spectacular update you received!  Great stuff!   


I wasn't in on this loan, but just wanted to share because....well, thank goodness Sonia has been able to save a little money from her increased profits from FINCA loans over the years.  I can't get her out of my head....

Sonia used her Kiva loan of 2000 soles to buy eighteen sacks of flour for her bakery. Her sales have been steady since she invested her loan money, she says, and have neither increased nor decreased dramatically. Sonia has been a member of the Magnolia Village Bank for nine years now, and says that FINCA Peru has had a big impact on her life. She says that she would probably be dead if it weren’t for FINCA. At first I think she must be joking, but then she explains. Several months ago, Sonia had an operation performed to remove a tumor from her left side, and, unbeknownst to her, the surgeon left a pair of surgical tweezers inside of her. She wasn’t feeling very well, and was walking home from a FINCA meeting one day when she started hemorrhaging. She was wearing black pants at the time, so she tried to hide the blood and keep walking. After about four blocks, she couldn’t walk any further and realized she had to go to the emergency room. There, doctors realized what had happened and told her that she had to have another operation to remove the tweezers. Sonia was able to use the money she had saved up in her FINCA savings account to pay her medical bills. She is still healing, but has mostly recovered now.

Wow.....

[Mona]

After reading this update I am just lost for words. What at touching story! Thank you, Michelle, for sharing it.
Mona