Whoopee! I have been able to make another loan through Kiva as a result of sales in my little shop. I am incredibly grateful to all that help me do this and it makes all the hard work worthwhile.
The latest loan, the third now, has been given to Sanoat. She is 38, married and a mother of 5 children who lives and works in Yavan, Tajikistan. Her husband works abroad: with a husband who also works away from home for brief periods of time, I cannot imagine the difficulties of trying to raise 5 children alone.
I was moved by her request to buy seed to grow the vegetables she raises and sells to make a living, and whilst her photograph is beautiful and lush, I felt it also depicted a woman who looked a little overwhelmed by her surroundings. I am honored to be able to help support her request.
When making a loan, the hope is that it will be repaid as agreed so that it can be lent to someone else in need, but it is always possible given the dire situation of some of the borrowers, that circumstances may work against them making it impossible to repay the loan. That has indeed happened to the first loan made to a farmer in Kenya. This loan is currently delinquent (Kiva's word) which I am assuming is due to the severe drought. I hope to receive more information and if/when I do I will post it here.
'Do not loan more than you can afford to give away' is very wise advice and I make these loans in that spirit. If the money comes back, that's wonderful because it means the loan improved someones life as it was meant to.
The latest loan, the third now, has been given to Sanoat. She is 38, married and a mother of 5 children who lives and works in Yavan, Tajikistan. Her husband works abroad: with a husband who also works away from home for brief periods of time, I cannot imagine the difficulties of trying to raise 5 children alone.
I was moved by her request to buy seed to grow the vegetables she raises and sells to make a living, and whilst her photograph is beautiful and lush, I felt it also depicted a woman who looked a little overwhelmed by her surroundings. I am honored to be able to help support her request.
When making a loan, the hope is that it will be repaid as agreed so that it can be lent to someone else in need, but it is always possible given the dire situation of some of the borrowers, that circumstances may work against them making it impossible to repay the loan. That has indeed happened to the first loan made to a farmer in Kenya. This loan is currently delinquent (Kiva's word) which I am assuming is due to the severe drought. I hope to receive more information and if/when I do I will post it here.
'Do not loan more than you can afford to give away' is very wise advice and I make these loans in that spirit. If the money comes back, that's wonderful because it means the loan improved someones life as it was meant to.
