My boss at the time provided the original investment of $100 and as loans have been made and repaid, I have the opportunity to lend the same $100 out again and again, in $25 increments.
Last week Kiva sent me an email that a loan had been repaid and I had money in my account to lend. The next loan is going to Muzamil in Uganda. Here’s his bio:
Muzamil is 24 years old and rears goats. He has been rearing goats for one year and he is very hard working which manifested in the fact that he started with one goat now he has twenty goats in one year of being in the business. He faces challenges of theft and high inflation. His family goal is to build a permanent house and buy a car. His business goal is to diversify his business by rearing cattle and expand his business to new areas. Muzamil needs the money to buy goats for sell.
You can lend money through Kiva to Muzamil or someone like him. In the areas of the world where Kiva lends, a very small amount of money goes a long way, especially when combined with other micro loans.
You can see my original post and the bios of the people my loans have gone to here.
Have you had experience with Kiva or a similar organization? Talk about it in the comments.
Note: The links in this post are my invitation links, but they are not affiliate links. They will simply connect us on Kiva. If you’d prefer to go to Kiva directly, you can do that here.