Monday, September 06, 2010

KIVA Loans for September

The first week of each month brings the pleasurable task of choosing our KIVA entrepreneurs. And while this month we have donated to relief efforts in Pakistan, our KIVA commitment is on-going and always a joy. Each month we receive a progress report from each of our borrowers. We see that our modest loan has helped them secure a better future, for themselves and their families. It's a good feeling. We have much to be thankful for and it's so good to be able to give back in a small measure.

This month we have made two loans. The first is to a young married woman named Amina Okombe in Tumaini, Kenya. Amina has two children. One attends school and the other is still too young for school. Her husband is a businessman who works and contributes to the support of the family. The family rents a house with electricity but have no running water. Their greatest monthly expense is food. Amina's goal is to ensure the family has enough income to educate their two children.

To accomplish this goal Amina started a business seven months ago. She goes door-to-door selling second-hand clothing for adults. Now, with the money she has made selling clothing and her KIVA loan she wants to purchase a sack of green vegetables and fruit and set up a small vegetable stall.

Our second loan of the month is to the Dembagnouma Ii Group, in Wobougou, Mali. The group is composed of 10 married women with an average age of 29, and an average of 3 children. They live in traditional polygamous families.

In this Group: Assan Traora, Hawa Niamana, Yaye Diallo, Kadidia Diarra, Maramou Dembele, Djelika Dembele, Sitan Soumaïla Dembele, Baoumou Issa Dembele, Matou Issa Dembele, Mama Fomba.

This is the group's second loan. Their previous loan was repaid in full. They are borrowing money in order to better organize their rainy season activities. They grow, among other crops, rice, pearl millet, peanuts, and beans.

With this new loan, group leader Maramou Dembele has plans typical for this group of women. She plans on buying fertilizer and small farming implements. She grows peanuts and will pay someone to help her maintain her approximately four acre plot. The harvested crop is sold in nearby market towns. She hopes to make a profit of $145.00 by the end of the season.

Consider becoming a KIVA partner and extending a small loan to a hard-working business person who has little or no access to working capital through KIVA.

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