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 1 
 on: April 19, 2014, 01:34:27 PM 
Started by holtzmaniano - Last post by holtzmaniano
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holtzmaniano
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Hi my name is Michael Holtzman and I am a social activist with a law degree. I am new to the world of philanthropy / donating but am interested in learning more about the institutions and organizations that further these causes, such as Kiva.

I have recently started a blog on social and political issues in the United States and internationally - http://adviseanddissent.org/ - and write from a human rights and humanitarian perspective. If you are interested check out my writing and let me know what you think - looking to get in contact with similarly minded people.


 2 
 on: April 16, 2014, 09:30:07 AM 
Started by jennifer - Last post by jennifer
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http://www.kiva.org/lend/697624

Rachel is a young lady aged 18 who is from Umguza District. She is still single, and she lives with her parents. Rachel is also known for volunteering to assist orphans in their fields in her community. She is doing a poultry project, selling her chickens to local schools, clinics, mines and police stations. She is aiming at getting more profit so that she will be able to assist needy children at schools by paying fees, and also help the elderly people by providing food for them. Boosting her business is her major aim when she gets the loan, so that she could live a better life when she starts getting more profits.

 3 
 on: April 14, 2014, 03:56:05 PM 
Started by karlynwagner - Last post by karlynwagner
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Diane, what do you know about Berendina in Sri Lanka and a connection to KIVA?  Karen

 4 
 on: April 11, 2014, 04:47:12 PM 
Started by smz - Last post by smz
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smz
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I checked around my borrowers in deliquent status today.

Credituyo ,Mexico
http://www.kiva.org/partners/18
... status:inactive

Kiva says nothing ,but
Does anyone know
What's happened on Credituyo (since January 2014) ?

 5 
 on: April 01, 2014, 07:28:23 PM 
Started by charity - Last post by charity
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http://www.kiva.org/lend/691428
"Currently Ivana is requesting a loan in order to purchase a machine to irrigate their land as well as artificial garbage for the land to better till it."  I am definitely not a farmer, but I am at a loss as to what is meant by "artificial garbage"?!  Huh?

 6 
 on: March 25, 2014, 10:45:14 PM 
Started by Diane R - Last post by Diane R
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In addition to the description you posted, Jennifer, there is further detail in the "More information about this loan" section on Rosario's loan.  I don't recall having seen this before, is it new?

Quote
This is a unique loan product as repayments are linked to a percentage of profits. Borrower will pay a percentage of profits up to two-times the original principal. By linking repayments to profits, instead of fixed repayment amounts, borrowers can be assured that Namaste is really commited to making their business succeed.

In addition to a micro-loan, through its STARZ Program, Fundacion Namaste Guatemaya, provides its borrowers with the business support that will help their enterprises grow.

Namaste provides financial literacy, business education, cash flow analysis, and opportunities for entrepreneurs to to share experiences and best practices. The capstone of their model are Business Advisors that provide each borrower with one-on-one mentoring.

Namaste measures it success through the increase in profits of its borrowers and with this product, it is explicitly linking repayments to those profits.

Of the more than 900 Namaste borrowers who have completed the business development program, on average their profits increased by 41%.  Namaste clients are averaging USD2.50 per hour vs the Guatemala minimum wage of UDS1.00.

I looked through a few other Fundacion Namaste Guatemaya loans and I did not see this text on any of the others I skimmed through, so this is either a new loan product or I may have just randomly picked loans that were not structured in this way.  Repayments of "up to two-times the original principal", eh? (To the MFI, not to Kiva lenders, of course.)  Not sure how I feel about that....

--Diane.

 7 
 on: March 25, 2014, 06:34:21 PM 
Started by jennifer - Last post by jennifer
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http://www.kiva.org/lend/688506

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Rosario has been running her business successfully for about 20 years. She mainly produces and sells piñatas to order, but she also imports and resells to other stores a special Mexican candy that is used to fill piñatas. She is well known for her high quality piñatas, which she sells for about 30 GTQ in the area of Mazatenango. She makes a high profit because she only invests 5 GTQ and 30 minutes of her time in making each piñata.

She wants to invest her loan of 30,000 GTQ to rent a shop in the center of Mazatenango. With a shop, she will have a better presence and higher sales. In order to meet the higher demand, she wants to hire her younger sister, who now helps her out sporadically, full-time. She also wants to start distributing her product to other piñata stores and to expand her candy sales in the area.

Rosario has been through two cycles of the Namaste Business Development program and is now ready to grow her business even further. It is the size and scope of what she is trying to do that make her an exceptional candidate for the advanced training and larger loan of the Namaste STARZ program. The STARZ program is unique in the world of microfinance as the loan repayments are tied to the profits of the borrower instead of being fixed payments. Since loan payments are linked to profits, borrowers are able to ride out business cycles or other unforeseen events. Through the STARZ program, high potential women receive intensive business coaching bi-weekly over two to three years. They also receive a formal six-month education in financial literacy and business operations that leads to a diploma in Small and Medium Enterprise Management by the Guatemalan Technical Institute for Training and Productivity (INTECAP). Credit is not generally available to women with businesses of this size, so an important program element is an appropriately-sized business loan. Women also receive coaching in leadership, economic and gender empowerment, and renegotiating household power relationships. By working with Fundación Namaste Guatemaya, the STARZ participant and her business advisor have a continuous-loop, real-time monitoring, evaluation and learning system.

 8 
 on: March 19, 2014, 06:54:26 PM 
Started by Diane R - Last post by Diane R
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Diane R
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Update received in email today: United Prosperity has been unable to actually fund their loans in India and will be returning funds to lenders.

Quote
Greetings! We launched lending to India last year but our experience has been that it is a lot more challenging than what we originally anticipated. Due to various bureaucratic roadblocks we are unable to send the funds over to the microfinance partner in India and we will be returning the funds we have raised.

To give additional background, the loan to a microfinance partner has to go through an approval process by the bank and the bank subsequently needs to submit an application with the Reserve Bank of India (the regulator for all banks in India). Only when the Reserve Bank of India gives what is called a Loan Registration Number can we start lending. We went through this process earlier and it took a fair amount of time.

Subsequently we learned that if there are any changes to the actual loan amount or disbursement date from what was there in the original application, the bank through whom we send the funds is insisting that the application form needs to be resubmitted to the Reserve Bank of India. The paperwork goes through the bank’s branch and then their head-office. We have been working with the bank but we are not getting any clarity on the expected completion date.

As a result we are unable to send the funds over to the microfinance partner in India. Hence we will be returning the funds we have raised from lenders for lending to entrepreneurs in India. We had put in a lot of effort to make changes to our website to support lending and this is very disappointing for us and we are sure it is even more disappointing for lenders.

Over the next few months we will explore how we can make lending work in India.  Meanwhile there are more many more loans coming up from Berendina in Sri Lanka, so please do relend your funds to support Berendina in Sri Lanka where we are able to make a positive difference to people’s lives.

Thanks for your continued support.

Regards
Team UnitedProsperity.org

 9 
 on: March 17, 2014, 09:07:07 AM 
Started by Amy-in-PHX - Last post by Amy-in-PHX
Read 119164 times
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A 2d-hand clothing seller in Kenya, posted by Milango.  She plans to increase her savings, with the profits earned by using the loan to buy more inventory.
http://www.kiva.org/lend/678681

 10 
 on: March 16, 2014, 08:44:06 PM 
Started by karlynwagner - Last post by karlynwagner
Read 548 times
karlynwagner
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Can't really find a better place for this.  I just noticed that lender Richard  http://www.kiva.org/lender/richard8069 has 9999 loans so his next loan will be 10,000.  Richard is a person I hold in high esteem!!!   Grin Thumbs Up

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