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!
Name: Mbogo Group
Country: Congo
Loan amount: $500
Disbursed date: July 19, 2016
Mbogo Group’s Story
Six years ago, the banana plantations, the principal source of income for the island, were decimated. That being the case, Marie had to start up a business to cover family expenses. Thus she began to buy up agricultural produce (haricot beans, soy beans, peanuts, manioc, etc.) This loan will be devoted to chipped manioc and dried haricot beans. Marie points out the lack of outlets for selling their produce on the local level. Often she has to go all the way into town to manage it.
Thus, Marie hopes to build a depot to preserve the produce that she has for sale until a period of scarcity where the price is somewhat advantageous for her. Marie is wearing a white sweater in the photo.
|
