Loans that change lives

 

 

Our Rotary Club of Lloydminster has donated $1500 per year to KIVA since 2010, totalling $9151.

 

This money has been lent out and repaid in 1649 loans with a total value of $41,725 in loans! 

 

We contribute $25 to a loan along with other KIVA members to fully fund one individual, helping minimize our risk.  An average loan request is about $1500.

 

Click here to learn more about the borrowing process & review some FAQs: https://www.kiva.org/about/how

 

Here is a recent loan we supported!

 
 
Borrower image
 
Name: Pascal
Country: Rwanda
Loan for: Shoe sales inventory
Loan amount: $2450 (94 lenders)
 
Pascal’s Story
 
Pascal is a married father of five. Pascal is the sole income earner in his family. He is a conscientious and determined entrepreneur. Pascal is also a refugee.

After fleeing neighboring Burundi, Pascal brought his family to Rwanda and started a shoe business. Most of his shoes are imported from Uganda and Dubai, and he sells them both at wholesale and retail prices. 

To date, Pascal's business has been operating, but it hasn't been thriving. Because he imports his products, he struggles to maintain consistent inventory levels. Simply, when Pascal has inventory, he has customers, when his stock runs out, his customers find another merchant.

AEC wants to help Pascal smooth out his inventory levels so that he can maintain consistent customers and grow his business, and because Pascal is a refugee, he has few options to access investments.