I have to choose some new people, because I think I have close to 100€ on my account now. I can't decide if it is better to lend to a lot of people (20+20+20+20...) or give a big chunk to just one person.
But I think I prefer to spread it around as much as possible, because you receive a lot more information about what is happening. This time, I think I'm going to look for people in Africa, because the ones in Southeast Asia and South America seem to be prospering no matter what.
Vous avez été remboursé d'une partie de votre prêt sur Babyloan.
En effet, nous avons des nouvelles du ou des micro-entrepreneur(s) que vous avez soutenu(s)
Nom du micro-entrepreneur Intitulé de son projet Montant de votre remboursement Sopheapk KEO La boutique de vêtements de Sopheapk - Acheter des vêtements pour hommes et femmes 3 € Ambroisine AGODY La boutique d'Ambroisine - Accroître son stock 4 € Sinh Nguyen thi Les poules de Thi - Acheter de la nourriture pour la volaille 6 € Han Pham thi Les porcs de Thi - Acheter de la nourriture pour les porcs et du riz 6 € Thao Doan thi Acheter de nouveaux ordinateurs - Le café Internet de Thao 3 € Thu Doan Thi Acheter des produits - Le groupe de Thu 4 €
I had a look the other day. I have made 9 loans -- all those to Central and South America have been reimbursed or are in the course of being reimbursed. The lady in South Sudan and the group of women in Uganda are delinquent. I think I'll stick to South and Central America.
Thu Doan Thi - Vietnam - 4 friends united with different professions - farmer, fisherman, equipment rental... Ambroisine Agody - Bénin - oil, tea and ice in her village boutique Sopheapk Keo - Cambodia - clothing shop
Mehdi Chahih - France - village market stand Tung Dinh Hoang - Vietnam - tailor Josiane Gnanga - Bénin - fabrics
I just keep recycling the money as it is returned to me, and frankly I feel quite proud to think that I am doing something to help people while the normal banks are sucking people dry, losing all their money and being refinanced by the taxpayers.
Yet another big windfall for me announced today by my microcredit association!
Nom du micro-entrepreneur---------Intitulé de son projet---------Montant de votre remboursement Josiane M. GNANGA---------------- Les pagnes de Josiane------------------------ 1 € Ahrorov Naim/Istaravshan------- Les médicaments d'Ahrorov------------------ 3 € Koubouratou IDROSSOU---------- Les céréales de Koubouratou--------------- 3 €
Thanks for reminding me about this, Kerouac. I just had a look at my kiva account. I have made 33 loans and have $51.70 in my account so I will make two more. I started at Christmas of 2008 and have been recycling the money with an occasional addition of a few dollars.
Woman in Togo who sells cosmetics Woman in Nicaragua who sells stuffed meat tortillas on the street in Managua Woman in Ecuador who sells meals to workers on construction sites Woman in Cambodia who sells snacks and drinks Woman in Palestine with a grocery store Man in French Polynesia with a fishing boat Woman in Palestine who needed to buy a new cow after the other one died
a group of women in Guatemala selling fruit and vegetables a young man in Colombia with a services shop a Kenyan woman selling vegetables and groceries Women in Bolivia in food production a group of women in Guatemala selling perfumes the Pakistani woman dressmaker
hadn't seen this thread before ... it sounds interesting! maybe i should do something like that too, as soon as i find the time to look into it. i suppose you can just do a very small amount (like one small loan) if that is all you can give for now, and then give out the next one once that money is back? or is there a minimum?
Rikita, on Kiva, the minimum (and standard) amount is $25, so a bit less in euros, depending on the exchange rate. I started the way you mention -- I lent $25 and when it was repaid, I lent it again.
I usually lend on short term loans, figuring the money will be recycled faster.
I just had a look at my page on Kiva: I have $74.54 in outstanding loans to four different people (2 in bolivia, one in El Salvador and one in Colombia). I also have $22.79 in my account, which I will lend again once it goes above $25. I occasionally add a bit for operating costs but not always.
My total deposits come out to $168 (since December 2008) and it provided $1125 in loans.
For the first time ever, after 31 successful loans totally reimbursed and 7 others currently in progress, I have been informed that my loan to Azerbaijan faces complications due to the current disastrous situation of the economy (double devaluation of the currency, debts labelled in US dollars and in euros, drop in oil prices...). The microcredit organisation therefore tells me that reimbursements are frozen until August, in accord with the IMF.
I only loaned 20 euros to poor Gulaya out of the 1060 euros that she needed, so I am not at all worried about my money even if I lose it. She was a cleaning woman, but now that her husband has retired, she started her own business selling the fruits and vegetables that she grows. The loan was to buy more seeds and fertilizer.
Although my idea was massively rejected when I started this thread, I still think it would be a good idea to open an Anyport account at one of the microcredit organisations to which any member could contribute anything or nothing to help some of these people. That way people would receive more than a piddling 20 euros at a time and perhaps some projects could be financed 100% by Anyport. I will admit however that it just means "money down the drain" in terms of one's personal finances since I would never in a million years ask to have my investment returned to me. I just keep investing everything that comes back again and again.
I can't forget www.babyloan.org because I accepted to receive messages from them. There is a least one a month to tell me how much money I have on my account after the monthly reimbursements, and then the couple others I delete unread along the lines of "give for mother's day" and things like that.