Education loan?

[Guest]

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[Mona]

http://www.kiva.org/lend/182558


The Manet Communal Bank has been working with our Institution for a number of years. This Communal Bank is known primarily for having members who are engaged in the retail and service sectors.

Sr. René is the President and works as a salaried driver. With this loan, he plans to buy his own vehicle. For the future, he is thinking about having a family and providing them financial stability.

Sra. Rossy is a young member who holds the position of Secretary. She sells beauty products by catalog. With this loan, she will buy perfumes, talcum powders, and other products that are on sale which she will sell at regular price. This will allow her to save money so that she can continue her pharmacy studies and finish her degree.

Sra. Maria is the Treasurer and one of the founding members. She manages a store and will use her loan to buy various products so that she can diversify her inventory and improve her earnings.

All of the members are responsible and dynamic people who have to support their families, and in most cases, do it by themselves. They are very grateful to Emprender and Kiva for trusting them by providing this loan.

8 months loan from Emprender, Bolivia (4*), currency risk possible

[RichardF]

Raniah in Lebanon $1,500 Loan Request Activity: Child Care Loan Use: To purchase educational toys for children.		Ana in USA $8,000 Loan Request Activity: Child Care Loan Use: Safety improvements to her daycare center and education materials for the children

[cjp1973]

http://www.kiva.org/lend/195954?_tpos=15&_tpg=1

Timothy is a 32 year old gentleman who is married with three children. He lives in the Kikuyu area in Nairobi which is an area of mixed businesses with a high population, most of whom are low-income earners.

Timothy operates a school which he has done for the last seven years. With this loan, he plans to pay examination fees for his students. His customers are mainly students from low-income-earning families who are within Kikuyu and its environs.

Timothy has never borrowed from other financial institutions before. In the future, he hopes to buy the premises that he currently rents.

Kenya 4* MFI, 8 months, CR possible  $900 still needed

[Mona]

http://www.kiva.org/lend/197300


Sarah is a single lady who doesn't have any children. Sarah takes care of additional family members. Sarah is a teacher by profession and teaches knitting and weaving of sweaters, tablemats and other clothes. She has about 10 students whom she is training how to make sweaters and other clothing designs. She gets at least five customers a day. Sarah wants to use this loan of 500,000/= to buy more threads for sweater making, pieces of cloths and needles. Besides this clothing business, Sarah has some other side businesses. She sells at wholesale and at retail and makes clothing according to someone's wish. Her major customers are the community around her and some schools and she works seven days a week. Sarah‘s business challenges include transportation and defaulting of her would be customers. Her goals and aspirations include owning a big vocational school, acquiring more knitting machines and even opening up more branches in Bwaise and Nakulabye. Sarah joined MCDT to acquire more capital and get more clientele.

8 months loan from MCDT SACCO, Uganda (4*), currency risk possible

[Mona]

http://www.kiva.org/lend/199957


Hatice lives in her own home in the Tacagua area of the city of La Paz; she works as a nurse in the women's hospital where she receives a very small salary. The loan she is seeking is to get a nursing degree which will help her to request a better job with better working conditions as well as be promoted to greater responsibility. She has been an Impro customer and has always paid on time which qualifies her to receive another loan.

15 months loan from IMPRO, Bolivia (5*), no currency risk

[RichardF]

Hmm... I hadn't been searching on "degree"! 

I tried the following Kiva Bank search and found two loans where "degree" made the difference. 

description(degree, -teach, -school, -education, -college, -university)


Liberated Group

The Communal Bank “Libertad” (Freedom) is starting its seventh loan cycle with 17 members. They engage in different businesses selling clothing, fruit, food, lingerie, toys, sewing supplies, honey, and handicrafts.

Such is the case with Sra. Odilia, the Communal Bank president. Odilia is 63 years old, married, and has three children. She sells honey that she acquires from different villages in the region. Her products are sold to institutions and markets. In addition, she sells undergarments to different customers. Her loan will be invested in the purchase of honey. Odilia dreams of improving her business and seeing her youngest daughter finish her degree in accounting.


Nueva Esperanza Ii Group

The group's secretary is Victor. He lives alone in his parents home. He is single and is studying for a technological degree. He also works in transport in the same company, Radio Movil America. One of the things he wants is to get a professoinal degree and then improve the quality of life for the whole family. He will purchase replacement parts with the money from the loan and maintain his vehicle.

[Mona]

http://www.kiva.org/lend/199780


Adriana is 20 years old, and she lives in her mother’s house. She has her own business selling nutritionally balanced animal feed. She has been working in this business for approximately two years. Her mother also has sales experience. Therefore, her mother helps her with the business when Adriana has to go to class. Adriana is studying medicine. Her dream is to be able to finish her education. She needs the loan to be able to buy merchandise from a new provider.

14 months loan from Caja Rural Señor de Luren, Peru (4*), currency risk possible

[Mona]

http://www.kiva.org/lend/194557


These are staff members of the RC Primary School, Binkolo. RC Primary School is located in Binkolo Village about six miles from Makeni City. The school was built by Plan International, a non-governmental organization, in 1980, but it is now run by the Catholic Mission in Binkolo Village. The school has a total of fourteen dedicated staff on their payroll and 476 pupils.

This is the second loan these teachers are requesting from SMT/Kiva Lenders. School staff from this institution, like many other schools staff within SMT’s operational areas, comes to SMT to apply for loans. With the help of these loans, they can accomplish some certain tasks that they would otherwise have not being able to accomplish with their mere salaries alone. But with the help of this loan, some can pay school fees for their children, others can use the loan to buy pieces of furniture, a plot of land, house-building materials, or invest in a business. At the end of each month, these teachers can repay the loan from their monthly salaries. The institution’s bursar is directly responsible for deducting the repayment and pays SMT on their behalf.

Ibrahim P. Kargbo (first row, left) is the leader of this group of teachers. The forty-six-year-old Ibrahim was born in Binkolo Village, is married to a businesswoman, and they have three children. Ibrahim has been teaching for sixteen years. He is requesting a loan of SLL 900,000 to buy house-building materials, like cement and iron-corrugated zincs.

(Attached to this photo is a snapshot of a borrower who was not able to be present for the group photo).

12 months loan from SMT, Sierra Leone (4*), currency risk possible
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http://www.kiva.org/lend/198994


These are teachers at a secondary school in Grafton, near Freetown. This school was opened in 2005 by the Sierra Leone International Mission (SLIM) to educate the children of Grafton, especially children affected by the war. Currently, the school is staffed with four teachers on its payroll and three SLIM-assisted teachers. The school has a population of 116 pupils.

This group of teachers has come to SMT, a partner of "Shine on Sierra Leone" in Waterloo, to seek a loan in order to supplement their monthly salaries. With the help of these loans, they can accomplish certain tasks that they would otherwise not have been able to accomplish with their mere salaries alone. At the end of each month, these teachers can repay the loan out of their monthly salaries. The institution’s bursar is directly responsible for deducting the repayment and pays SMT on their behalf.

Francis V. Brima (pictured left) is the head teacher at the school and leader of this group of borrowers. Forty-five-year-old Francis was born in Kailahum, eastern Sierra Leone. He is married to a businesswoman and they have five children – two in secondary school and three in primary school.

In addition to his teaching profession, Mr. Brima also does some petty trading. He has been a petty-businessman for over fifteen years (even before joining the teaching profession). Francis has applied for a loan of SLL 800,000. With this loan, he will buy gallons of palm-oil (the most popular cooking oil) to add to his business inventory.

12 months loan from SMT, Sierra Leone (4*), currency risk possible
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[Mona]

http://www.kiva.org/lend/201312


Maria is 50 years old, and lives in her own home with her 46-year-old husband, Emilio, and her 3 children. For some years, she has been a teacher in a school run by a friend. She enjoys this activity in the morning, and afternoons she spends selling beauty products. She thus takes advantage of free time to generate extra income for her family. She is happy with the work she does. Through the school, she has met good friends and colleagues, who sometimes place orders for the products she sells. In the future, she would like to improve her business by purchasing merchandise to have in stock and thus generate more income. This is her third loan with MFP, and she commits to making payments punctually, and to not jeopardizing her group. With the loan she is requesting, she will buy educational materials to provide better teaching to her students, and also buy beauty products to respond to customer demand.

8 months loan from Microfinanzas Prisma, Peru (5*), currency risk possible

[RichardF]

Maria De Los Ángeles Munguia Hernandez is 53 years old. She sells school supplies. She has been in this business for four years. She began the business when she started to give classes in her house. She taught classes to many children. That is how she got the idea to sell these types of products. They would be very important to her little customers. She is requesting the loan for basic materials like notebooks, rulers, pens, erasers, and stickers, among other things. Her wish is to keep growing with her business.