Kiva: page 7 of 14
January 2010
So, in my first thirteen months making Kiva loans I made fifteen loans for a total amount loaned of $375. However, since the money is repaid and comes back to me to be re-loaned, I actually put in only $150. I didn’t put in any additional money from the end of July to the middle of December!
With the start of a new year, I decided it was time to put more money in rather than to just loan returning money. To achieve this, I decided that in 2010 I would make two loans of $25 each month instead of just one.
Peter is forty-five and lives in Mankessim, Ghana. He is married and has five children who are all attending school. He owns a grocery store by the roadside in his community and has been in business for three years. He wants the loan to buy provisions in bulk to increase his stock and will repay his loan over the next nine months.
15th Jan: Payments came in as usual. Of note, Doniddemberel Dorjpurev (my 12th loan) fully repaid her loan though it still had eight months left to go! That means that eight of my loans have now been fully repaid. I have $26.34 in my account - enough for my second loan of the month.
The US$185 I have invested in Kiva has now provided 19 loans of $25 for a total of $475 in loans!
February 2010
13th Feb: I had $24.58 in my Kiva account and my 8,000th edit was coming up and likely to occur before more money came in on the 15th. So I added $10 to my account so that I would have enough money to make my 8000th edit my next loan.
14th Feb: I edited my 8,000th loan. It was for Ramil Abdullayev who sells vegetables in Azerbaijan. However, the field partner in Azerbaijan must be over their quota for the month because the loan did not make it to the lending queue. I’ll have to wait until 1st March before it becomes available.