Meet Clorinda. She’s the lady I’m helping to sponsor through Kiva. For detailed info about Kiva, click their link in my sidebar over there ——> but for the short version, read on. Basically, Kiva connects people like you and me with enterprising people in poor countries. We can make a direct difference in the life of someone a world away, just by giving a tiny bit of our luxury.
The thing I like most about Kiva is that it’s a gift that keeps on giving. This isn’t your average charity. It’s actually a loan. You loan a minimum of $25 to a person or group and they repay you over time (usually within a year). Once the money is repaid, you can either withdraw it or you can re-invest it in someone else.
My first loan was to a group of ladies in Kenya. These ladies had different types of businesses but all guaranteed the loan. So if one defaulted, the others would pick up their payment. The loan was just repaid in full today. 🙂 So I am going to take that $25 and re-loan it. I’ve decided to help Clorinda. You can read more about her below.
PLEASE PLEASE PLEASE consider checking out Kiva and reading about some of the people that are needing loans. I think you’ll be impressed with the system and how well it works. You can go directly to the Kiva website by clicking on the big KIVA sign in my sidebar over there ——>.
Clorinda is 42 years old. She is a very hardworking mother with 4 children, 3 of whom live in her house. Clorinda has been working everyday since she was very young because agriculture is the only activity that she knows and that has been yielding great profits all these years. For this reason, she really likes her potato and oca (a root vegetable) crops. Thanks to them, her children have not experienced financial difficulties. Sometimes she also works on her neighbors’ farms, where she gets paid 12 PEN daily, including lunch. With this money, she can pay for her elderly mother’s expenses and for her children’s studies. However, when she has to cultivate her own crop fields, Clorinda and her husband make it a priority until they end up sending their products to market. She has made the most of her previous earnings by purchasing some cows, selling their milk at 1.5 PEN a liter. Furthermore, her cows keep having more and more calves. For this reason, she hopes to purchase more cows, which will increase the household income. The rest of the members are on their tenth loan with MFP, while Clorinda is on her eighth loan because she joined the microfinance institute a year after it was formed. Nevertheless, she feels very happy because she has been saving money with her group. The money that she is now requesting will be used in purchasing fungicides to eradicate the pests that attack her potatoes and oca. She will also invest in purchasing chemical fertilizer.
Now doesn’t that sound like someone who is worth helping out? 🙂