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RichardF
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« on: May 01, 2010, 01:01:08 PM » |
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The Online Microcommerce Kiva Lending Team welcomes supporters of Online Microcommerce.  | | Location: | Worldwide | | Category: | Common Interest | We loan
because: | Online Microcommerce empowers MicroEntrepreneurs on a Global level. | | About us: | We support Online Microcommerce, particularly for Kiva Enreepreneurs. As one example, you can use Kiva Bank to find Kiva Entrepreneurs who sell products you can buy online through Ahkung.org. | | Membership: | This is a team of ALL CAPTAINS! | | |    |
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RichardF
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« Reply To This #1 on: May 01, 2010, 02:49:16 PM » |
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 | | Name: | Channy Sokh Group | | Location: | Preaek Thom Village, Cambodia | | Activity: | Sewing | | Loan Use: | to start a new business making T-shirts | | Repayment Term: | 14 months | | Repayment Schedule: | At end of term | | Currency Exchange Loss: | Possible |
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Vat Poll, Leng Khoem, Chanphall Phou, Channy Sokh, Sokh Heng Ann and Saei Chea all live in Preaek Thom Village in Kandal Province, Cambodia. The six members of this lending group are part of AMK’s Loan Workout Program. All clients have outstanding loans that are delinquent and they are currently unable to pay back the full amount of their existing loan.
Their business ventures, which they funded using their existing loan, have failed, putting them in a very unfortunate position. In addition, less work at garment factories and sickness in their families have drastically reduced other sources of income for each family. All six clients will use their loan to start a new business making T-shirts.
As part of AMK’s workout program, each client is given a workout loan that will be used to purchase sewing machines, an electricity line and additional sewing equipment. AMK has hired a tailor to train the group to make T-shirts. The material will be provided by AMK to ensure that quality material is used and so that the clients do not have to purchase it themselves.
AMK has partnered with Ahkun.org to sell their T-shirts online. Fifty percent of all profits will go to this group and the other borrowers in their village who are unable to repay their loan.
This program is in contrast to the traditional ways that microfinance institutions deal with delinquent clients:
• By rescheduling the loan and pushing off the problem to another day
• Repossessing items that the clients own, including their house or land.
Because of AMK’s strong social mission, AMK has created this program to provide an alternative solution to one of microfinance’s dark sides. We hope that Kiva Lenders will support us in this initiative.
All six clients of this group have had previous loans on Kiva:
http://www.kiva.org/lend/58345
http://www.kiva.org/lend/58347
http://www.kiva.org/lend/62359
http://www.kiva.org/lend/63814
http://www.kiva.org/lend/71201
http://www.kiva.org/lend/51660
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RichardF
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« Reply To This #3 on: October 20, 2010, 08:26:50 AM » |
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 | | Name: | Jacqueline Mccann | | Location: | Dallas, Texas, United States | | Activity: | Clothing | | Loan Use: | To hire an internet marketing specialist |
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Jacqueline McCann graduated from the Art Institute of Dallas with a fashion design degree and was promptly employed by a company that designs cheerleading uniforms, Varsity Brands. On the side, Jacqueline was designing her own clothes, and when she tried to sell her products through a variety of outlets, she realized how difficult it is for independent designers to enter the fashion industry. So, in 2008, the 23-year-old entrepreneur spent her savings on paying programmers to build a website where she could sell her designs. However, her vision was much larger than selling her own products; she wanted to help all beginner and independent designers make their products accessible and available to a wider market. Artists can post their designs on the website and if they sell anything, Jacqueline takes a 10% commission on the sale. The website launched in July of 2009 and she currently has 15 designers and over 100 products on the website!
Jacqueline has gained many new skills in the process of starting an online business, but one area that continues to be her biggest challenge is advertising. While her website design is attractive and workable, not enough people know about it yet. With this loan, Jacqueline will be able to hire an internet marketing specialist who will assist her in establishing the best practices in online advertising of her design business website.
Even though Jacqueline is a full-time employee and works on this website during her spare time, she still finds time to give back. She volunteers for the Texas’ Next Top Designer event by making fliers and finding sponsors. Jaqueline says, “My life is a little more stressful because I have no idea where this business will go in the future, but it's exciting and it's something I love to do for fun! It doesn’t even feel like work.”
Feel free to check out her website at www.designsociety.net. |
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RichardF
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« Reply To This #4 on: October 20, 2010, 12:25:34 PM » |
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Skimmis
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« Reply To This #5 on: October 20, 2010, 01:15:19 PM » |
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Somebody with twitter could mention her, the loan and onlite site !
Would help her marketing!
I posted a link to her webshop on Facebook
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« Last Edit: October 20, 2010, 01:22:40 PM by Skimmis »
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RichardF
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« Reply To This #6 on: October 20, 2010, 04:08:51 PM » |
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Skimmis
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« Reply To This #7 on: October 20, 2010, 04:33:18 PM » |
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« Last Edit: October 20, 2010, 04:33:43 PM by Skimmis »
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RichardF
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« Reply To This #8 on: December 25, 2010, 04:04:41 PM » |
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 | | Name: | Jamai | | Location: | San Francisco, California, United States | | Activity: | Clothing Sales | | Loan Use: | To add hoodies and sweatshirts to his clothing line
| | Kivapedia: | Shop Kiva Entrepreneurs |
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For Jamai, art has been his passion for as long as he can remember. Through silk-screening, he has found a way to pursue his passion and create his very own business: Animal Instincts Apparel.
Three years ago, while wearing a shirt he had created, Jamai caught the attention of a successful retail business owner. He asked to buy some of his shirts and, impressed by his work ethic, went on to offer Jamai an internship. Within a year, Jamai decided to take what he had learned, both about design and managing a small retail business, and start his own company. “The most challenging part of opening the business was to sit down and decide to actually do it,” Jamai explained.
To make sure his business would be a success, Jamai explored each San Francisco neighborhood to discover what sold best. His hard work paid off, and Animal Instincts Apparel is now featured in 15 boutiques across the city, at local crafts markets, and online through his website and Etsy. His unique t-shirts feature his own designs and are available in toddler, children, and adult sizes.
Buzz is building around Jamai’s clothing line. He needed a small business loan to meet demand and begin offering more designs, colors, and styles. But, as a young entrepreneur, he was turned away from banks due to his limited credit history.
An Internet search brought Jamai to Opportunity Fund, a local micro lender, and he realized that a micro-loan was “much more manageable” for his business than the larger loans traditionally offered by banks. “Opportunity Fund discussed my budget and finances with me and made sure a loan was the right choice.” A $5,000 loan will provide Jamai the capital he needs to incorporate hoodies and sweatshirts into his line, build up his inventory, and take Animal Instincts Apparel to the next level.
As his business grows, Jamai hopes to open his own silk screening facility and eventually expand production to other cities. Starting in 2012, he also plans to launch a donation program that will send a percentage of the proceeds from Animal Instincts Apparel to wildlife organizations.
To learn more about Animal Instincts Apparel and see Jamai’s designs, visit: http://animalinstinctsapparel.com |
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