Friday, February 09, 2007

You Can Help Someone in a Third-World Country


I first heard about Kiva on PBS’s "Frontline." By making loans as small as $25, you can help third-world people get a business going in their area. Many of these people are widows supporting three, four, or five kids.

All you have to do is go to Kiva, read through the short description of people looking for loans, and if interested in helping, choose the one, or one’s, you would like to loan to.

Get the details for the Kiva program by clicking here.

Here's a sample of what you will find:

Rosario Iza
Location: Guayaquil , Ecuador
Activity: Cosmetics Sales Loan Amount: $375.00 (Already 60% funded.)
Loan Use: Rosa will invest in cosmetic products to sell
Repayment Term: 6 - 10 months

Rosario has 20 years experience in business, which she started at the age of 23 when she traveled with her Mother to Peru to buy merchandise. Her mother helped her with $100 of capital which she lent her to start her own business. After that, she got married and left the business for a time, but then realized that she would need to have her own money and that is how she came to get a loan and reactivate her business 5 years later. At this time she decided to sell cosmetics due to a friend's suggestions. She has maintained that work until the present time, working from 9am until 7pm. Rosario wants the loan to invest in her business and get more income. The company she is dealing with gives rewards to its consultants based on how much they sell each month. Rosario is 43 years of age, and has three children, the oldest works and pays for school, and the other two, by means of her business plan to finish school and then work. She is separated from her husband for the past 8 months, and her main desire now is to be able to buy a car to get around since her work requires her to walk promoting her products, and with a car she could do that and save time.

1 comment:

Anonymous said...

I like what you try to do with this blog, but please: Don´t use the term third world anymore!!, nor allow noone else use it. It´s humillating for someone with a country rich in natural gas to be labeled with such a term.And I live in what will be a small super power soon, and writing to you in a foreign language wich is not my native language.Don´t think that down under Mexico every country is poor.Bye.