I just made my twelfth Kiva loan! This is something that makes me feel so very good! To know that with just $25 I can truly help someone else in this big world make their own life a little (or a lot) better. Of my twelve loans — six have been completely paid back, five are in the process of being paid back and one defaulted.
Every time I see the photo of the young man from Kenya who “defaulted” on his loan, I worry about him. He was repaying his loan on time by his arranged payment schedule. He “defaulted” in the middle of horrible “unrest” in his country. He may not have lived through it. He probably did not live through it. My little bit of money is not what I think about when I see his photo and the words — “loan ended in loss defaulted“. (That’s the way it’s written on Kiva.)
I’ve made two loans each to people in Nigeria and the Dominican Republic. And one loan each to people Kenya, Ghana, the United States, Peru, Mongolia, Bolivia, Ecuador and most recently to Kyrgyzstan.
When I first started making loans on Kiva, I usually looked for someone who sewed to make my loan to. I’m a quilter and I could relate to them. Now, I usually go to the website with the plan to loan to a single woman with children because I know how hard it is to raise children and I can only imagine how hard it would be to do it alone with little money. Irregardless of what I initially look for, I let my heart lead the way once I get there. I’ve loaned to five men, one couple, two groups of women and 4 individual women, right now I can’t remember if they were married or single or if they had children. I do know that every single time I go there, I have a difficult time picking just one person to loan to and I’m always glad that I went.
FYI — The minimum loan is $25. When it is paid back, you can withdraw your money and never loan again — or you can reloan it — which is what I do! Sometimes, I can’t quite wait until the whole $25 has been repaid. It will get close and I’ll go in and add additional funds to make up the rest. That is how I got to twelve loans. I have not invested $300 in loans yet. Hopefully, someday, I will though.
If you would like to check it out yourself and possibly make a loan — I hereby invite you to do so. Just click here….http://kiva.org/invitedby/sharon5564
I hope you’re having a great weekend.