Kiva: page 9 of 14
May 2010
1st May: The second monthly repayment from Loan 16 to Peter came in today.
12th May: Today I received an email about Loan 17 - Los Esforzados De Nueva Imperial. The group is doing well. Pedro bought his jigsaw, which has been very useful and he has succeeded in increasing his production and sales.
15th May: Regular repayments came in except, as usual, for Peter and also for Loan 23 - Beou Chantha.
With the repayments that came in today, minus the new loan I made, I have just over $10 in my Kiva account. Therefore, I added another $15 so that I will have enough money to make my second loan of the month.
18th May: The third monthly repayment from Loan 16 to Peter came in today.
19th May: I received an email from Kiva about Loan 8 to Rehema Mbarikiwa who lives in Tanzania. As far as I know, Rehema repaid the loan to the field partner in Tanzania but they did not remit the funds back to Kiva and so I have not received any repayments from her. The reason given is that the Tanzanian government will not let the field partner remit the funds out of the country. There are, however, other field partners in Tanzania who are operating without problem. Kiva has decided that repayment is unlikely and so has changed the status of the loan from delinquent to defaulted. There is, however, a small possibility that the funds will be repaid some time in the future.
The US$245 I have invested in Kiva has now provided 27 loans of $25 for a total of $675 in loans!
14 loans have been repaid, 1 has defaulted and 12 are still active.
June 2010
15th June: Repayments came in today. Loan 17 to Los Esforzados De Nueva Imperial Group is now fully repaid. Loan 20 to Ramil Abdullayev failed to make his first repayment and so is delinquent.
19th June: Two repayments came in for Loan 14 to Elver Ventura Mantari. It’s repayments are ahead of schedule.
24th June: A payment came in for Loan 20 to Ramil Abdullayev so his loan is no longer delinquent. It seems there was a glitch with the field partner that has now been sorted out and the loan is now back on track.