I have received an email to say that I have been paid a small sum back from my Kiva Loan!
In all honesty I thought it would take longer than this before I saw anything in return. Zakayo (my borrower) has repaid me $4.01 of my $50 loan.
Kiva is already telling me I can reinvest my money into another project but I think I have to wait until I have $25.
If you’d like to read all about Kiva Loans and how to help people directly click here;
The link above is Zakayo’s story.
I have had a look at where my next loan may go to. I’m thinking a little closer to home so Europe. Maybe a women this time.
This morning I decided to make a Kiva loan. I’ve just been paid and was feeling generous.
A quick run through of a Kiva loan is you can lend people money for different projects across the world. Once they reach their target they then have a time length to pay back the money you lent them. I can then decide to transfer my money back out into my own account or reinvest it.
I have helped Zakayo from Molo, Kenya to purchase a water tank and water pipes for his farm. Read more of his story here: https://www.kiva.org/lend/1323318
The reason for sponsoring Zakayo was pretty simple. He only needed $50 to go. So I have been able to complete his loan which makes me feel rather happy.
I now have a portfolio on the Kiva website. It keeps track of who you’ve lent money to. There are 78 different countries I could help. So my aim is to pick a loan from each of these countries before I withdraw my money. This may take a while but I now know directly who my money is helping.
I’m giving myself a pat on the back for doing a good deed.
To find out more information on giving a Kiva loan yourself follow this link: https://www.kiva.org/