I helped Grace’s business! UPDATE
UPDATE: I had the privilege of temporarily sharing fifty bucks with Grace Anuafule in west Africa, and published the post below (in July) about how easy and fun it was to start the process thru Kiva. Just two weeks ago, I received notice that Grace has completely repaid my small part and that of the others who, combined, provided an $800 loan. Ta-da! It worked! What a privilege!
And my fifty has gone on another trip now, this time to a group of women with clothing and food businesses in Paraguay (at right). And a friend of mine just began this week, too, with a couple of loans to people in Peru.
Yahoo. Surely there’s more cash around here somewhere. Hey—you wanna try it, too? Click on Kiva to find out how.
July, ’07: This is Grace. She stands in her business, Grace Store in west Africa, where she sells food and kitchen equipment. [It’s a great photo – click it for a version that will show you much more.]I am proud to say that I have had a teeny-tiny part in the success of the Grace Store. Like so:Grace recently saw an opportunity to expand her business. She needed $800 to do it.
I heard about Kiva. Kiva connects individuals who want to loan small amounts of money with people who need small loans to begin or develop businesses that enable them to provide for themselves. The money is distributed by an on-site organization that teaches business skills and peer accountability.
I had fifty bucks that I wasn’t expecting. I read Grace’s story on Kiva, and put the fifty in Grace’s Kiva account. Others did likewise. The goal was reached, the $800 loan disbursed, and Grace has made the first two $100 re-payments. (Actually, I didn’t read the fine print. I was so glad to be getting something directly to a person, rather than an organization, that I thought I was giving the $50. Turns out, it’s a loan, and I get it back!) People can loan as little as $25. I paid mine through an Ebay/PayPal account.
You can read about Grace, the people who participated in the loan, and a lot of other men and women pulling themselves out of poverty in many parts of the world, here.
Way to go, Grace – I don’t know if you’ll ever get to read this, but your store is beautiful!
Tags: Kiva, microloans, Nigeria, PayPal, third+world, African+business, women+business, women+poverty, Monte Asbury
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