Meet Besian.
Besian is a Kenyan farmer. With 5 years of farming experience, she is using her microloan to improve the upcoming season's yield. With an increase in yield, she will use profits to grow her farming business. Her dream is to have a stable business to provide for her eight childrens' education.
"Loans that Change Lives" --KIVA
Small loans like these give impoverished people the resources they need to start and grow a business. These entrepreneurs lift not only themselves, but their entire communities out of poverty and into a world of endless possibilities.
(Read about more Taaluma microloans HERE.)
Here's to Feeling Good, because after all YOUR loans are changing lives and it's Friday!
(Trouble seeing the photos? Read the blog on our website HERE.)
Comments
Bankruptcy is also feasible. Some polpee have the misconception that they cannot afford to make payments, you can declare bankruptcy and have their loans discharged. However, except in extreme cases, it is not allowed. For example, in 2008 more than 72,000 student loan borrowers tried to break free on their own – only 29 of them were able to demonstrate “undue hardship”; Even if the person can be very onerous, it is likely that only a small number – has not been eliminated.
Hey Shelby—we partner up with KIVA (www.kiva.org) to distribute the microloans. It’s the first “person-to-person” microlending service, meaning you get to pick the person that receives your microloan. Check them out!
I am familiar with micro loans, I have contributed(invested) with an org. that does this. I was wondering if you do the loans thru an agency or if you decide yourself who gets your loans?