Monday, June 11, 2012

Update on Kiva Experiment

Faith Group from Tanzania
In January, I shared about a new experiment of mine: loaning $1,000 in micro-loans through Kiva. I've continued to relend the money, and in less than six months I've almost doubled the amount of loans, lending out another $900 with the original seed money.

I started lending money through Kiva two years ago when I gave a $25 loan to my Dad and Father. While I started pretty small, I've been able to relend and relend the money over and over again. At this point I only relend $100 at a time, and I've now provided 23 micro-loans, totaling $1850. I've experience 0% default and 0% delinquency. Six of the loans have been repaid in full, and remainder are still repaying them.

I've funded people in Bolivia, Guatemala, Ecuador, El Salvador, Peru, Mexico, Kenya, Tanzania, The Democratic Republic of Congo, Sierra Leone, Senegal, Mongolia, Tajikistan, Palestine, and even the United States. I lent the most in Africa, since I have a soft heart for my sister's work there, and the most has gone to Kenya and The DRC. The group above is my most recent loan, I loved the photo with the nursing mom!

Have you started lending with Kiva?
Use this link to lend your first $25 for free!

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Sustainable Family Finances 
The story of a family creating an abundant and sustainable life.

1 comment:

Trevor Stocking said...

I would like to try the $25 micro loan offer. Let me know what I need to do? Thank you.