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wind5001
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« Reply To This #250 on: December 07, 2007, 06:01:21 AM » |
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Thanks Glenda...building latrines...hmmmm, my bathroom is looks alright, so you better go to Nicaragua than come visit me...  And yes, this thread is turned back into the Mark Agwonah thread...  |
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Diane R
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« Reply To This #251 on: December 11, 2007, 10:33:19 PM » |
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Yesterday, one of the loans in the Fund was repaid in full, because the entrepreneur, Simon Maragua the lumber dealer, had fallen on circumstances where he felt he would not be able to make use of the loan monies right now. (See yesterday's Journal entry in his loan listing for details.) He will re-apply for another loan in the future. So this means we have a $25 credit in the Fund! I see tonight that there are a number of Action Now: Kenya loans available. I would like to propose Louise Njambi Ndung'u and her small general store (10 mo. loan) as our next loan: anyone have any objections? (And I promise to update the History thread very soon wtih our other 3 recent loans!!)  --Diane. EDIT: Hearing no objections and not wanting to leave $ unlent, I have decided to add Louise to the portfolio! More details soon.... |
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« Last Edit: December 11, 2007, 10:46:00 PM by DianeCharlie »
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wind5001
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« Reply To This #252 on: December 12, 2007, 06:36:33 AM » |
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Excellent choice, Diane!  There must be something wrong with the numbers, though...it says she is 39 years old, but she opened her shop in 1980...that would make her 12 years old...which might still be possible if it didn't also state that she received money from her husband to open the shop...which would be quite something if the date is correct... And I really commend ANK for how they go about their business... |
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« Last Edit: December 12, 2007, 06:44:35 AM by wind5001 »
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wind5001
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« Reply To This #253 on: January 01, 2008, 07:16:31 PM » |
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Diane, just wanted to thank you for all the work your putting into the history and status thread! I know you're busy, but still you take the time to update and present what's been going on...you rock, gal!  |
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TheTatiana
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« Reply To This #254 on: January 01, 2008, 10:45:37 PM » |
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Excellent choice, Diane! There must be something wrong with the numbers, though...it says she is 39 years old, but she opened her shop in 1980...that would make her 12 years old...which might still be possible if it didn't also state that she received money from her husband to open the shop...which would be quite something if the date is correct... I know some 39 year olds who were born in the 40s and 50s. Maybe 39 years old is an age that someone can stay for several years. =) |
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miGIRLS
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« Reply To This #255 on: January 01, 2008, 10:53:26 PM » |
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I know some 39 year olds who were born in the 40s and 50s. Maybe 39 years old is an age that someone can stay for several years. =)
That's right! I'm 39.95 plus shipping and handling... and born in the 50s, although just by a hair.  Or, perhaps 12 is the marrying age? I hope not! Although I occasionally remind my 15-year old that in some countries she might be married off by now! |
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Diane R
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« Reply To This #256 on: January 14, 2008, 11:33:32 PM » |
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Fellow KivaFriends: By now you have most likely read the update on the tragic and horrible situation in Kenya, written by James Maina of Ebony Foundation (EbF) which was posted and emailed by Jessica tonight. In that message (which you will find posted on this site in another thread) he speaks of the devastation and loss of life, homes, and businesses experienced by innocent people in Kenya in the past few weeks. 80% of the EbF clients were affected by the violence, and there will be indescribeable pain and sorrow and loss in the lives of people there whom we'd learned to consider partners. We as a lending group have as our charter to lend only to entrepreneurs in Kenya, in honor of Mark Agwonah's memory. The Mark Agwonah Fund has 7 EbF loans in its portfolio: it is safe to assume that all of these partners (listed below), and probably some of our PEMCI and AN:K partners, have been affected severely by these tragic events. Fredrice Nzioka Kilonzo: http://www.kiva.org/app.php?page=businesses&action=comment&id=13206&ent=35296Susan Muthoni Ng'ang'a: http://www.kiva.org/app.php?page=businesses&action=comment&id=14205&ent=35296Eliud Njuguna Nduta: http://www.kiva.org/app.php?page=businesses&action=comment&id=14634&ent=35296William Awande Were: http://www.kiva.org/app.php?page=businesses&action=comment&id=15609&ent=35296Martin Kaai Kiambi: http://www.kiva.org/app.php?page=businesses&action=comment&id=17653&ent=35296Godfery Njeru Kithaka: http://www.kiva.org/app.php?page=businesses&action=comment&id=17834&ent=35296Moses Kathanaika Chabari: http://www.kiva.org/app.php?page=businesses&action=comment&id=17836&ent=35296I do not want to suggest a course of action one way or the other, but over and over again in the comments to the Journal entries above, I am seeing lenders announcing that they are forgiving their portion of the loans to their affected partners in Kenya. I wanted to post this so that those of us who have contributed to the Mark Agwonah Fund might think about whether, when the time comes, we want to forgive any or all of the loans we have made in Kenya, in part or in whole. There is not a mechanism for this through Kiva (yet), but it may be a topic you want to consider or discuss here as we look towards a future with much rebuilding necessary. Bless them all, and their families and futures. --Diane. |
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Eli
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« Reply To This #257 on: January 15, 2008, 07:53:43 AM » |
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Fellow KivaFriends:
I do not want to suggest a course of action one way or the other, but over and over again in the comments to the Journal entries above, I am seeing lenders announcing that they are forgiving their portion of the loans to their affected partners in Kenya. I wanted to post this so that those of us who have contributed to the Mark Agwonah Fund might think about whether, when the time comes, we want to forgive any or all of the loans we have made in Kenya, in part or in whole. There is not a mechanism for this through Kiva (yet), but it may be a topic you want to consider or discuss here as we look towards a future with much rebuilding necessary.
Bless them all, and their families and futures.
--Diane.
I woke up because I hurt my toe that I injured while rushing to click for DWB. So I was being self absorbed in my toe misery. While it stopped throbbing, I thought I'd go do some clicking at DWB and catch up on the KivaFriends thread. Before going to bed last night, I had read the letter from Ebony Foundation, which was pretty powerful in itself. But then I just reviewed the posts of people forgiving the recipients of the Ebony Foundation loans, talk about a powerful lesson. My toe is so insignificant in relationship to the events in Kenya, then throw in the power of the internet of Kivans forgiving loans. I'm here all choked up and grateful for being reminded of the bigger picture. Please pardon my lapse. I would most definitely vote to forgive all Mark Agwonah Loans that fall under the Ebony Foundation umbrella, along with others if needed. |
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In the end, we will conserve only what we love.
We will love only what we understand.
We will understand only what we have been taught.
~Baba Dioum, Senegal
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wind5001
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« Reply To This #258 on: January 15, 2008, 11:06:36 AM » |
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Dear Diane and Eli,
I have been thinking about this, too. This won't be an easy post for me, because my heart tells me "sure, forgive the loans", but I think we should wait and see. I cannot agree as of now to forgiving the debts. Let me explain why:
I do grieve for what is happening in Kenya and I am at a loss when I see the suffering there. Howeber, we don't know what the situation for each single entrepreneur is. EbF and all the other MFIs in Kenya will be looking into this matter as things settle down a bit. I do not think a general cancellation of debts to Kenya will be the right approach. There will be partners of ours who will have lost everything, some even their lives, but there will also be partners who will be alright. I don't think we should forgive their debt. Colette has phrased better than I could why we shouldn't act on that now in the Kenya related thread.
This said, certainly we should agree to extend repayment terms to limits that the MFI might set at their own discretion. I would never insist on payments now. The entrepreneurs should have the time to take care of their lives first and foremost now! The repayment of our money should not be a priority in the coming weeks.
Just my 2 c,
Oli
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Kay
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« Reply To This #259 on: January 15, 2008, 12:10:33 PM » |
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Yes, I don't mean to sound greedy, but I would tend to agree with Oli, in that, based on the Kiva concept, the loaned money was intended--as much as possible--to be loaned out to others, in perpetuity--to both help others and to publicize the Mark Agwonah Fund, and his death. The latter might be even more relevant in light of the violence of these times.
So, I would say let the MFIs decide on a case-by-case basis, and if a loan were going to default anyway, then, of course, forgive the debt.
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