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:
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.