Also received repayment on my first Lend for Peace loan today (
http://www.lendforpeace.org/ ). I got this reply to a recent inquiry:
Hi Laurie,
... Our first reconciliation cycle with our partner microfinance institution, Asala (the organization that interfaces directly with borrowers), has taken longer than expected; there have been some loans on which we've been slow to receive information and this account is one of them. I am happy to tell you, however, that we received word this week that despite being late, your loan has been repaid in full. We are processing repayments at the moment. You should see a repayment reflected in your account shortly, certainly before the end of next week.
Thank you again for your contribution and for your patience. As a young organization that is still working through our growing pains, we appreciate your support very much. We hope that you will consider using the proceeds of your loan to fund another entrepreneur.
Best wishes,
David
David Fraga
Co-Founder
LendforPeace.org
david@lendforpeace.orgThere are currently six loans fundraising on their website.
Laurie
I still havent got repayment on my loan :
http://lendforpeace.org/userEntDetails.php?p_id=Mjc=Are your loans paying back or not?
