Unfortunatly Wala'a was not able to buy the distributing bus but she managed to rent one when needed, on the other hand Wala'a has used the loan in increasing the quantity she has of fabric and do some maintenance for the machines she has. she will keep on looking for a good price distributing veheicle
Chị Tân năm nay 53 tuổi là nhóm trưởng nhóm 66.Gia đình chị sinh sống tại thôn 8 – xã Quảng Hưng - thành phố Thanh Hóa. Nhóm của chị gồm 7 thành viên.
Mặc dù mỗi thành viên trong nhóm nhận được từng khoản vay cá nhân nhưng tất cả họ vay vốn đều có chung mục đích sử dụng vốn đó là chăn nuôi và buôn bán nhỏ.Chu kỳ này chị tham gia vay với số vốn được vay là 6.372.000 VNĐ ( ~ 289.6 USD), số tiền này chị dùng để mua nguyên liệu làm bánh. Mỗi tháng gia đình chị thu được khoảng 2.500.000 VND ~ 113.6 USD. Tuy công việc của chị rất vất vả, nhưng chị vẫn cố gắng làm thêm để tạo thêm thu nhập cho gia đình.
Chị Tuyến năm nay 31 tuổi, chị dùng sồ tiền được vay để chăn nuôi gà, mỗi tháng chị thu nhập được khoảng 2.000.000VND ( ~ 90.9 USD).
Chị Quế năm nay 57 tuổi, chị dùng số tiền được vay để chăn nuôi gà, số tiền lời thu được qua gần hết chu kỳ vay là 5.000.000 VND ( ~ 227.2 USD).
Chị Hồng năm nay 53 tuổi, chị vay vốn để buôn bán bánh lá, bánh nếp, số tiền lời thu được qua gần hết chu kỳ vay là 6.000.000 VND ( ~ 272.7 USD).
Chị Liên năm nay 67 tuổi, chị dùng số tiền được vay để mua con giống về nuôi, mỗi tháng gia đình chị thu được khoảng 2.000.000 VND ( ~ 90.9 USD).
Chị Hương năm nay 26 tuổi, chị dùng số tiền được vay để đầu tư vào chăn nuôi, mỗi tháng gia đình chị thu được khoảng 1.000.000 VND ( ~ 45.5 USD).
Chị Thủy năm nay 33 tuổi, chị dùng số tiền được vay để buôn bán, mỗi tháng số tiền lời thu được là 3.000.000 VND ( ~ 136.3USD).
Cả 7 thành viên đều sử dụng vốn đúng mục đích và có hiệu quả./
La cliente remercie l'IMF Hekima, pour le crédit qu'elle a reçu dernièrement. Ce crédit lui a servi de renforcer son chiffre d'affaire et payer les frais scolaires de ses enfants sans difficultés et leurs payer la nourriture. Ce crédit a été plus rentable et profitable pour son entreprise et pour sa famille. Que Dieu bénisse Hekima et ses partenaires.
Kadirmat and his family are very grateful and thankful to KIVA for the loan program. Kadirmat used his loan for purchasing heifers and horse for his farm. With the revenues, he was able to save money for higher education of his children.
Grupo Tetepec- la señora María ,tiene veinte cincuenta y cuatro años de edad, ella se dedica a la elaboración de tamales , es una señora muy trabajadora desde hace cuatro años se ha dedicado a la venta de tamales le gusta mucho trabajar para ayudar a su familia y a su esposo en lo que se pueda.rnTiene tres hijos ya están casados sus hijos le ayudan apoyándola cuando no tiene dinero para la elaboración de sus tamales esta muy agradecida con sus hijos y con fundación ya que en su trabajo le esta hiendo mejor obtiene muy buenas ganancias.rnElla pidió el préstamo para comparar los ingredientes para hacer sus tamales ya que en ocasiones le piden una fuerte cantidad pero no cuenta con el dinero para elaborarlos.rnEsta muy agradecida con sus clientes por seguirla desde tanto tiempo y ha fundación por el apoyo que le ha dado para salir adelante y triunfar.rnrn
My name is Clara Vreeken. From January to April I have had the privilege of volunteering at Kiva's field partner IMPRO in Bolivia. This small micro finance institution contributes to the well-being of Bolivian entrepreneurs by loaning to them with reasonable interest rates (on average 1.4% monthly, which is very low compared to other banking institutions in Bolivia). Kiva has been working with IMPRO for four years.
IMPRO provides different kinds of loans to the Kiva borrowers: the 'Housing and Improving of Living Conditions Program', providing loans for construction or repair of the borrower's house; the 'Rural Loan Program' - providing loans to farmers who want to buy a milking cow; and the 'Productive Loan Program' for loans to micro entrepreneurs and loans for education and health.
I have visited various borrowers and all of them have different stories. For the three kinds of loans IMPRO provides I will tell the story of the following borrowers: Pascuala and Santos (see Santos at the picture with his cow), Rosa (on the picture with her son) and Miriam.
Rural: Pascuala and Santos eat better thanks to their dairy cow Pascuala is a milk producer and on market days she sells tracksuits that her husband Santos makes. She used her loan money to increase her dairy herd, buying a good-quality dairy cow. When Santos came to the office of IMPRO to get a Kiva loan, he was so kind as to take me to his farm and guide me around. Have a look at the video where Santos shows the farm by clicking here.
Santos and Pascuala live with Santos' father and sister and their eight year old daughter. Santos has studied to be a teacher. He would like to become a teacher, while Pascuala watches the animals at the farm. While traveling to his farm he tells me that with the earned money from the extra dairy cow they will be able to pay for extra food that does not grow at their farm (such as fruits and vegetables), unforeseen costs (such as medicines) and for their daughter's education. In the future they would like to buy their own house and live there with their daughter. Santos' dream is to study more, perhaps medicine.
Micro enterprise: Rosa became stronger by having her own shoe business Rosa used a Kiva loan to buy the materials needed to manufacture women's shoes. When Rodrigo, the loan officer, and I visited her just after Carnival, she told me that she had sold a lot during the Carnival period. Normally she makes 36 pairs of shoes in a week and sells 24 pairs. During the week of Carnival she sold 625 pairs!
Rosa is a single mother of three children aged 7, 9 and 11. Her ex-husband used to beat her. When she got her own shoe business, she felt stronger and decided to get a divorce. Rosa and her children are now living in one big rented room and Rosa makes her shoes in a tent outside her house. She was able to buy a sewing machine, which makes the work easier. Her wish is to get her own house where she can have her shoe business. Rosa's dream is to export her shoes to Peru or Argentina.
Have a look at the tent where she makes the shoes and at her room where she has her sewing machine, by clicking here.
Education: Miriam's children can go to school and play chess When she was at IMPRO's office Miriam told me that she is a single mother of three children aged 16, 15 and 12. She works as administrative assistant at an institution that does community work in health and education, and she works as a secretary at a school. She used Kiva's loans for the education of her children. She paid for school tuition, computer lessons and the contribution to the chess club for her children and bought them uniforms and books.
Miriam's children are fond of playing chess, which they learned at school. With their school they have competitions against other schools. With a twinkling in her eyes she told me that they won three times.
Miriam could improve their standard of living a lot. Every year she has been able to cover the educational expenses of her three children. In addition she was able to buy a computer for her children and two desks. One year ago she also got internet at home, which is quiet exceptional in Bolivia. She has also used an amount from a previous loan to repair her house.
Thank you! You have made a huge impact on the borrower's lives by loaning to IMPRO's clients via Kiva! On behalf of all IMPRO's clients I thank you very much!
More IMPRO If you like IMPRO's clients as much as I do, you can loan to them by clicking here
After continuing non-payment to Kiva, all active SELFINA loans have now been defaulted. Kiva will continue to pursue recovery of funds on these loans and apply funds proportionally to lenders if and as funds are received. However, Kiva staff have judged the likelihood of recovery on these loans to be sufficiently low such as to update the loan status of these loans to "defaulted".
For further details on this default, please see SELFINA's Field Partner page here http://http://www.kiva.org/partners/90/.
La cliente Bubenga Asumani remercie l'IMF Hekima, pour le crédit qu'elle a reçu dernièrement d'un montant de 200$. Ce crédit lui a servi de renforcer son chiffre d'affaire. Il sied de signaler que la cliente Bubenga Asumani aurait changé son activité de vente des légumes par la vente des œufs des poules. Cette nouvelle activité lui semblerait plus rentable car elle gagne 1.6$ par jour comme profit comparativement à la vente des légumes. Grace à ce crédit, la cliente Bubenga Asumani a payé les aliments, augmenter son épargne. Que Dieu bénisse Hekima et ses partenaires.
Visitamos a Leydi Maria estaba muy contenta por nuestra visita, con su negocio que es una pulpería, siempre ha trabajado desde muy joven pues ella es una persona muy humilde.
El financiamiento que solicito fue específicamente para la compra de azúcar, hielo, pan, galletas además de esto ha obtenido muchos clientes nuevos ella espera seguir ofreciendo sus servicios, pues así obtendrá nuevos clientes.
Ella está muy contenta porque su familia es muy unida y están apoyándola con este negocio, por lo que siempre le ha gustado enseñarles lo necesario a sus hijos que son lo más importantes para ella.
Ya que el haber recibido el préstamo le ayudó a mejorar como persona y negociante. Por lo que siempre desea mantener activo este medio de vida, pues para ella es muy importante.
Thank you for all of your support in funding loans posted by Fundacion AgroCapital in Bolivia. My name is Nilima Achwal and I am a Kiva Fellow that spent the last ten weeks working with Fundacion AgroCapital in different branches throughout Bolivia. In my time there, I had the opportunity to meet with hundreds of entrepreneurs that receive loans from this institution, and I'm excited to be able to share an inside glimpse of microfinance in Bolivia with you.
Your loan to an AgroCapital entrepreneur has had a tangible impact on both AgroCapital and your borrower. AgroCapital has received $1.7 million interest-free in the last two years from Kiva lenders, which has allowed them to develop as an institution, for example by implementing a new Social Impact division to measure how well their loans are helping to alleviate regional poverty. On an individual level, series of loans have helped many, many women and men to get their businesses off their feet, allowing them to have more financial stability and personal independence.
I found Bolivians to be an honest and hardworking people, so it has been a pleasure working with them for the last few months. My blog post describes one particularly inspiring moment that reveals a lot about the Bolivian psyche.
Many entrepreneurs at AgroCapital benefit from group loans, the easiest type of loan to access, while others are fortunate enough to have the necessary documents and prerequisites for the larger individual loans. Normally in a group loan environment, social pressure forces the members to pay back on time since if one member defaults, the entire group will be cut off from future access to loans. For this reason, the women in the group usually bond and support one another through hard times. These groups often become micro-communities of moral and professional support for women that are starting their first businesses and have little experience. I've found that it fascinating that every group has a strong and distinct personality based on its location, social class, industry, experience with microfinance, and personal traits. This personality plays a large role in the success of their ventures, though I've found that the vast majority of entrepreneurs are able to expand their businesses and improve their profits as a result of a series of micro-loans, of which your loan is an integral part.
Besides just the economic benefits, I've found that these micro-loans have helped entrepreneurs have more choices, reduce their stress at home, fulfill themselves personally, and ultimately empower themselves as productive and valuable individuals. For example, many women tell me happily and gratefully that the businesses they started with their micro-loans have both brought in more profits for the household and also allowed them to be at home with their children the whole day. A male entrepreneur even mentioned that he hoped his business would allow him to quit the corrupt local police force as soon as possible. These intangible benefits play a large, invisible role in giving these entrepreneurs more freedom and a better quality of life.
Entrepreneur after entrepreneur inspired me with her drive, spirit, and unbelievably hard work.
Martha from Las Reynas group used micro-loans to transform her home from one bed house with a wood fire for cooking to a home with a kitchen with a stove and refrigerator, enough food, a television, and a bed for every member of the family.
Micro-loans also helped give birth to Leonarda and her husband's hugely successful and innovative solar-powered oven business, with which they have been able to comfortably sustain their family.
Virginia from San Expedito group, a proud, energetic single mother of nine children, sums up the drive of many AgroCapital entrepreneurs: "I'm doing well and have made all my payments without a problem. All by myself, I'm lifting myself up, little by little. When you have a responsibility, you do what you need to to fulfill it, even if it means not eating so your kids can. It's hard, but as they say, 'Wanting is power.' If you want something enough, you will make it happen."
Two women express their gratitude in person in these short videos:
Carmen's increased business has allowed her provide more for her children and dream of the future.
Emma explains that it was difficult to take out loans before AgroCapital came into town.
Your micro-loans light the fire for personal and professional development and allow people to find a way to a better life. Our entrepreneurs are hugely grateful and surprised to know there are strangers in foreign lands that care about their ventures. Keep lending, and don't ever doubt that you are making a footprint in someone's life.
On behalf of Kiva, AgroCapital, and all of the entrepreneurs, thank you for your support.
Best,
Nilima Achwal
Kiva Fellow Class 8
Fundacion AgroCapital, Bolivia
Gunjinlham thanks Kiva and their lenders for helping to support her business. She received a 2,100,000 tugrug (~ 700 USD) loan from XacBank, Kiva's Mongolian partner MFI, in July, 2009. She requested this loan to purchase shoe repair materials. Since receiving the loan, her monthly sales revenue has increased by 100,000 tugrugs (~ 70 USD). As a result, her profit has increased by 50,000 tugrugs (~35 USD) and her working capital has reached 400,000 tugrugs (~278 USD) tugrugs. With her new earnings, she purchased construction materials to expand her house.
Mrs. Gretchen Trimachi is now very busy with her business upon the release of her loan from Gata Daku Multi-Purpose Cooperative and Kiva Funders through this she able to finance her business for more improvement through this she able to generate more income to sustain the daily needs of her family.That is why she is thankful to Gata Daku Multi-Purpose Cooperative and Kiva Funders for giving her a financial assistant.
As we enter the holiday season, XacBank would like to wish you a Merry Christmas and a Happy New Year! Here's an e-card we created for you, featuring XacBank's staff and Kiva borrowers: http://www.youtube.com/watch?v=Zqkvv532mFI
I'm Jane Lim, a Kiva Fellow who served for the last two and a half months at XacBank, a Kiva Field Partner in Mongolia. My fellowship just ended, and until a few days ago I was in Mongolia, experiencing the bitter cold and breathing in the smoke that pervades the city of Ulaanbaatar due to widespread coal burning by surrounding ger districts. A ger is a traditional Mongolian tent, round and white, and very much a part of modern Mongolia. In the middle of each ger is a rustic stove used to burn fuel to warm the ger and to cook. The past few years have seen a steep rise in pollution as ger districts and their accompanying coal burning have rapidly grown due to an increased number of migrants from the countryside.
In my last few days in Mongolia, it was a common lament by my colleagues in XacBank's microfinance department that I would be missing their New Year’s party. New Year’s parties in Mongolia are a huge celebration—more than just an annual dinner and dance, these are events for which people get decked out in their finest, more than any other event in the year. When I visited Oyun Pildulam, a Kiva borrower who works as a tailor right by XacBank's Chingeltey branch, her wall was covered with custom-made fancy dresses for the New Year—sequins and feathers galore with nary a hint of understatement.
Other tailors I've met are not as lucky as Oyun, who has five employees and gives classes to aspiring tailors. Gantuya Narmandah, another Kiva borrower I met, struggles to find stalls willing to sell the products she sews in her home. She lost her job in a sewing factory after the collapse of socialism in Mongolia in 1990. Many industries were privatized following the introduction of democracy, and in the process, many Mongolians lost their state jobs and turned to running their own microenterprises. Gantuya wasn't the first or last Kiva borrower I met who cited the impact of the change in political systems. Tsend-Ayush Lhagva used to work as a truck driver, but after dabbling with different small businesses, she has settled on making Mongolian boots and is finding it to be the most profitable thing she has done. In my short time in Mongolia, I had the good fortune to meet a wide variety of Kiva borrowers and learned that they can be extremely diverse, yet similar.
Unlike many other Kiva Field Partners, XacBank is a registered commercial bank. XAC LLC started in 1998 with funding from the United Nations Development Programme and was Mongolia's first registered non-bank financial institution. It later merged with another non-bank financial institution to form XacBank, and then started commercial operations. Despite being a commercial bank, XacBank has never wavered in its social mission; it can be argued that its commercial profitability has given it the ability to design and implement initiatives that benefit the poor.
While I was at XacBank, I got to know two of these initiatives at a deeper level. Both struck me as relevant and practical. The first is the franchising of savings and credit cooperatives (SCCs). Because Mongolia is sparsely populated, the cost of reaching borrowers in rural areas is high. It is not economically viable for XacBank to open an extensive number of branches throughout Mongolia, so the bank has decided to help strengthen local SCCs in order to aid the rural community. XacBank currently supports local SCCs by providing training, expertise and wholesale loans; it is also planning to provide mobile banking, leasing and micro-insurance via SCCs. The good thing about franchised SCCs is that SCC members keep their own profits, which further enrich the local community.
The other initiative is the introduction of eco-loans. In order to mitigate the pollution brought about by coal burning in winter, XacBank has introduced loans for subsidized environmentally friendly products such as energy efficient stoves and ger blankets. Ger blankets are an alternative form of insulation that wraps around a ger, keeping it warm without the need to burn fuel. Eco-loans were introduced this winter and XacBank hopes they will be popular.
Having worked at XacBank for the past few months, I have witnessed the potential the bank has to expand and refine its services to increase profitability as well as to aid the poor. XacBank values its partnership with Kiva not just because Kiva lends at a 0% interest rate and accepts borrower defaults, but also because the organization, like Kiva lenders, attaches value to the human connection.
To share this enthusiasm with XacBank's Kiva borrowers, we created a video to illustrate to them in their language how the Kiva process works. Here is an English version of the same video: http://www.youtube.com/watch?v=wiXu1ICaz_Y
XacBank became a Kiva partner in January 2009 and, with your help, has since fundraised over US$1 million on Kiva, and has administered loans to over 1,000 Kiva borrowers. We hope that you will continue your support of Kiva and XacBank in 2010 and beyond—a little goes a long way!
Thank you for supporting a micro-entrepreneur in Nicaragua. I’m excited to be writing you as the Kiva Fellow in Leon, Nicaragua. For the past few months, I have been working with Fundación Leon 2000, a Kiva field partner. All entrepreneur profiles on Kiva’s Web site are posted by local field partners, which are microfinance institutions that lend to the working poor to help the poor lift themselves out of poverty. The field partners screen each entrepreneur, upload his/her loan request to the Kiva website, disburse the loan, and collect repayments.
Let’s get to know Fundación León 2000 a little better. The organization is based in Leon, Nicaragua, which is about 60 miles northwest of Managua, the capital city. In a country where 50% of its citizens live below the poverty line with an average GDP of $3,600 per person, Fundación Leon’s loans represent a life-changing opportunity to embrace financial self-sufficiency and escape the oppressive grips of poverty. For most, there is no other opportunity in the community for business growth such as that provided by Fundación León 2000.
During my three months of service at Fundación León 2000, I visited over forty small business entrepreneurs. In brief loan updates to Kiva lenders, I tried to capture and portray candidly their attitudes towards microfinance. These micro-loans would not be possible without the diligence and dedication of Fundación León’s Kiva Coordinator, Sandra, and the group of hard-working loan officers.
I spent the majority of my time at Fundación León working alongside Sandra as she screened clients for loans, posted loans on the Kiva Web site, tracked monthly repayments, and arranged loan update visits. Although Sandra and I have been able to provide many of you with updates about entrepreneurs who received a loan contribution from you, reaching every entrepreneur for an update is not logistically possible.
Even if you did not contribute to this particular entrepreneur, I hope that you will enjoy the following story of a Kiva borrower in León whose story exemplifies the challenges and fortunes experienced by many in the León community.
Maria Guadalupe Blanco is quite the small business entrepreneur, and she’s become pretty good at requesting loans and repaying them in stride—seventeen loans to be precise. Her primary business is a general store on the edge of town, which is filled with everything from candy, cookies, and canned vegetables to soups, soaps, and shampoos. Once the general store was operating at a sustainable level, Maria decided to expand her financial approach and purchase two taxis for local operation. Through the course of her partnership with Fundación León, and now Kiva, Maria Guadalupe has created a closed-loop business cycle by successfully forging two independent businesses, where one can sustain her livelihood if another falls victim to hardship. The success of the micro finance model for Maria Guadalupe is a complete testament to her respectful yet determined attitude towards its process and lenders. Towards the end of our visit, she frankly stated, “I seek loans to work; there is no other way.”
From Kiva, Fundación León 2000, and its family of borrowers, we thank you for your continued support of our work.
And finally, I compiled this short video to provide you with a nice glance into the world of Fundación León 2000 and its variety of Kiva borrowers. Please enjoy.
