Kiva Update

I’ve posted on my experience with micro-lending through Kiva in the past including here.

I started my loan portfolio in October 2006 with the plan of adding a small amount of new money each month and making a new loan or two from that amount. At some point, loans would begin to be repaid. When they did, I’d roll those funds back into new loans instead of adding new funds. At some point my hope is that no new funds will be needed.

Well, in June and July some of my first loans were paid off and so I didn’t have to add any new funds in those two month. A number of other loans are getting close to being paid back, so there may not be to much need for additional dollar, which will help my budget :-).

According to Kiva, here is what my loan portfolio looks like:

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Portfolio Distribution

Gender
Female 68.8%
Male 31.3%
Country
Ecuador 43.8%
Kenya 12.5%
Nigeria 6.3%
Togo 6.3%
Afghanistan 6.3%
Bulgaria 6.3%
Mozambique 6.3%
Ghana 6.3%
Honduras 6.3%
Sector
Retail 31.3%
Food 31.3%
Clothing 18.8%
Agriculture 12.5%
Services 6.3%

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If you haven’t looked into micro-lending as one way to help reduce world poverty, please do check it out by clicking on the Kiva banner in the right hand column.

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8 Responses to “Kiva Update”

  1. Bob says:

    I just opened a Kiva account last weekend. I hadn’t developed any sort of lending “strategy” but I think I’ll try something like you did–a little each month until loans start getting paid back and then just roll the funds over.

    I think it’s a great window to the world.

  2. joe says:

    sounds interesting. i am going to check it out a little more.

  3. Rick Meigs says:

    Bob: It is a great window to the world and good luck with it.

  4. maria says:

    Thanks for the reminder! I started the process with Kiva a few months ago, but got hung up with the Paypal stuff. I’m hoping to select projects that my preschoolers can relate to and get them involved, too.

  5. Rick Meigs says:

    Joe: If you’ve got any question, drop me an email.

  6. Rick Meigs says:

    Maria:

    What a great school project. You can actually exchange emails with most of the lenders for some personal contact.

  7. Monte says:

    I recently started, too, and posted my experience at I helped Grace’s business. Delightful!

  8. Rick Meigs says:

    Monte: That is so cool. Glad you got started.