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One of the sources I came across about kiva updating members on business progress after a loan has been repaid is kivafriends.org, they have a journal wherein member borrowers of kiva can post about the progress of their loan after borrowing certain amount.
-quote-
"Kiva Friends supports Kiva's mission of "connecting people, through lending, for the sake of alleviating poverty," by creating a place where Kiva community members can connect with one another.
The Kiva Friends website is operated and monitored by Kiva Friends' volunteers...
Update for Vincentia Ewusie
Entrepreneur: Vincentia Ewusie
Location: Cape Coast, Ghana
Amount Repaid: $150.00 of $300.00
Vincentia is married and caretaker of one child. Her son goes to school and her husband is temporary not living in Ghana. She herself went up to senior high school.
She sells gari, maize, corn and some other foods in the Streets of Cape Coast. A big challenge for her is the selling on credit, because sometimes it is very difficult to get the payback, and the competition. To handle such difficulties, Vincentia decided to take a microloan from the Christian Rural Aid Network (CRAN). With the help of the loan she was able to extend her range of goods and now it is more easier for her to survive bad business times. Her profit increased from 100 to 200 cedis a month. "
-end of quote-
Source(s):
http://www.kiva.org/app.php?page=businesses&action=listJournals
http://www.kivafriends.org/index.php?PHPSESSID=f7c151815547f039227f95806bbc...
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The problem is somewhat simple... there isn't enough staff. Kiva "Fellows" travel the world to maintain relationships with Lending Partners and individuals. Sometimes, filed partners update the logs of individuals with "where are they now" stories while other times, Lending Partners update the public on how their clients are doing.
Most of the Kiva Fellow position is filled with evaluating and documenting new requests.
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jeffhoard
I had looked at Kiva just the other day, because I wanted to join, but it wasn't clear how to be a part of the Mahalo team. (I probably just didn't look far enough into the website). How do we join Kiva and make loans as part of the Mahalo group?
http://l3-1.kiva.org/r18227/images/logoLeafy3.gif
BTW, I just looked up the Kiva page here on Mahalo, and it was sitting there without a manager, so I just claimed it. Any thing specific you like for me to add to that page?
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Answered Question
M$5.20
November 13, 2009 09:17 AM
Do you have any sources of Kiva updating members on business progress after a loan has been repaid?
For those unfamiliar with Kiva - It's a microloan website, My first loan was $25 to a Togoian farmer using Paypal, and apparently she's earned $8000+ to
pay everybody back. OK...Good... But how is her farm doing?
I've been a member of Kiva.org for a couple years now and have noticed that many of my initial loans have started to get repaid.
http://www.flickr.com/photos/33749589@N07/4099617373/
I looked through all the businesses that had paid me back and there were no blogs, updates or posts that I could find updating people on how the actual loan recipients were doing?
Should Kiva do more to show you the end results? If so How?
Plug: http://www.kiva.org/team/mahalo_answers
pay everybody back. OK...Good... But how is her farm doing?
I've been a member of Kiva.org for a couple years now and have noticed that many of my initial loans have started to get repaid.
I looked through all the businesses that had paid me back and there were no blogs, updates or posts that I could find updating people on how the actual loan recipients were doing?
Should Kiva do more to show you the end results? If so How?
Plug: http://www.kiva.org/team/mahalo_answers
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| November 13, 2009 01:46 PM |
-quote-
"Kiva Friends supports Kiva's mission of "connecting people, through lending, for the sake of alleviating poverty," by creating a place where Kiva community members can connect with one another.
The Kiva Friends website is operated and monitored by Kiva Friends' volunteers...
Update for Vincentia Ewusie
Entrepreneur: Vincentia Ewusie
Location: Cape Coast, Ghana
Amount Repaid: $150.00 of $300.00
Vincentia is married and caretaker of one child. Her son goes to school and her husband is temporary not living in Ghana. She herself went up to senior high school.
She sells gari, maize, corn and some other foods in the Streets of Cape Coast. A big challenge for her is the selling on credit, because sometimes it is very difficult to get the payback, and the competition. To handle such difficulties, Vincentia decided to take a microloan from the Christian Rural Aid Network (CRAN). With the help of the loan she was able to extend her range of goods and now it is more easier for her to survive bad business times. Her profit increased from 100 to 200 cedis a month. "
-end of quote-
Source(s):
http://www.kiva.org/app.php?page=businesses&action=listJournals
http://www.kivafriends.org/index.php?PHPSESSID=f7c151815547f039227f95806bbc...
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Other Answers (2)
November 13, 2009 09:49 AM
I asked this exact same question of Jessica Jackley, the co-founder of Kiva. The problem is somewhat simple... there isn't enough staff. Kiva "Fellows" travel the world to maintain relationships with Lending Partners and individuals. Sometimes, filed partners update the logs of individuals with "where are they now" stories while other times, Lending Partners update the public on how their clients are doing.
Most of the Kiva Fellow position is filled with evaluating and documenting new requests.
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jeffhoard
November 13, 2009 11:49 PM
Thanks for looking into that Rob. I wonder if Kiva would benefit from shifting some resources on following up. I would like to know more information about the startups beyond whether or not they can pay back the loan.
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November 14, 2009 12:12 AM
Me too! I think that developing the whole "story" is really valuable and interesting. I'd love to track a business from initial seed investment to full on productive enterprise. A holistic view would encourage me to invest larger amounts as the business grows.
More than anything, I think that this type of follow up is important for Kiva's "American Soil" project. It's easier to follow up with U.S. based folks who need micro business loans and I think that the public would follow the stories as much as the businesses themselves.
Just to clarify... I didn't just hit Jessica Jackley up :) She was speaking at a conference I was at earlier in the year and I was able to ask her a few questions at the mixer.
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More than anything, I think that this type of follow up is important for Kiva's "American Soil" project. It's easier to follow up with U.S. based folks who need micro business loans and I think that the public would follow the stories as much as the businesses themselves.
Just to clarify... I didn't just hit Jessica Jackley up :) She was speaking at a conference I was at earlier in the year and I was able to ask her a few questions at the mixer.
November 13, 2009 05:13 PM
I can really see where it would require extra staff to follow up and then post the information, but @Edwardclint it sounds like you have found at least one source for this information, and it does help that the journal information you reference is also posted on the Kiva website I had looked at Kiva just the other day, because I wanted to join, but it wasn't clear how to be a part of the Mahalo team. (I probably just didn't look far enough into the website). How do we join Kiva and make loans as part of the Mahalo group?
BTW, I just looked up the Kiva page here on Mahalo, and it was sitting there without a manager, so I just claimed it. Any thing specific you like for me to add to that page?
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