Here is a quick update on our first Dinner Project Charity. The micro-loans given through Kiva to help two woman start businesses have had some repayment.
The first loan of $150.00 has so far had a 21.15% repayment. The loan was given to Nive of Samoa. Nive is 61 and married with six children. She owns a business venture selling lava lavas (bottom-half wrap-around prints worn by both men and women).
The second loan of $50.00 has had a 23.10% repayment. This loan was given to a woman named Marcia from Ecuador. Marcia is 36 years old and she lives in FortÃn de Guayaquil (a semi-urban area, with dirty paths, and deteriorating hills). She sells natural products like medicines for body pains and other kinds of symptoms. In order to build a better house, and provide better service to her customers, she wants to buy cement, stones, and sand with the loan.
Once these funds have been repaid, they can be loaned again and we can continue the cycle of giving. This is The Dinner Project in action.
No comments:
Post a Comment