<< Back to all Blogs
Login or Create your own free blog
Home > Archive: June, 2007

Archive for June, 2007

Last Minute Bidding

June 8th, 2007 at 07:20 pm

Due to some good last minute bidding on the auctions I had up, we ended up with $337.40 in profits from this batch of auctions. That means that we have $354.14 to loan out this week and when we're finished, we'll be at the $1000 mark for loans made. We're definitely happy about that and hope we can continue to add money to this project with weekly auctions.

I hope to find some time this weekend to start making more loans, but now it's time to start wrapping all of the items that sold...

Loan 26

June 7th, 2007 at 06:38 pm

Thanks to the kindness of Broken Arrow as mentioned in the previous post, we had enough to make another loan. This one we made to:

Mary Meredith

Mary is a single female of 22 years old. She lives in the small Samoan village of Moamoa. Mary says that she wasnít a very good student while in school. And so rather than continue, she asked her mother if she could attend sewing courses. She went to these courses for two and a half years. And although she didnít complete her full course, she felt comfortable that she had built up the skills and knowledge necessary to start her own sewing business. She admits that since then she has learned a lot from experience. She joined SPBD to get started and with her first loan, she purchased a sewing machine. She is now requesting a second loan that she will use to buy materials for her sewing. Maryís ultimate goal is to become a professional tailor.

I have 9 more auctions ending tomorrow which appear will bring in about another $100 or so (let's hope last minute bidding increases that)

Special Thanks To Broken Arrow

June 6th, 2007 at 03:26 am

Just a quick post to extend special appreciation to Broken Arrow. He won prizes worth $20 in two of the blogging contests and decided to donate the money to this cause. That raises the total we have to lend out to $41.74 meaning that we can make another loan before the next round of auctions end on Friday. It was a really great gesture and we both appreciate it a lot.

Loans 24 & 25

June 4th, 2007 at 08:09 pm

I made two more loans today for $25 each bring the total number of loans to 25. That leaves $21.74 in the bank meaning I won;t be able to make more loans until the next set of auctions finish (they are already up and will end Friday). Here are the latest two loans made:

Agnes Lawer

Nkurankan, Ghana is a large marking centre for the people of the Yilo Krobo District of Ghana. Madam Agnes is a resident of Nkurankanand manufactures beads. She is also a client of Kraban Support Foundation and is however seeking a Kiva loan of $900.00 to help her improve her business.

Tep Sarin

Tep Sarin is 40 years old and lives in Phnom Penh, Cambodia, with her husband and child. She works at her small laundry shop and earns about $2/day while her husband earns about $3/day operating a mototaxi. She will use this loan to repair her home so that it will not leak. In the future, she wants to buy a stand in the market to sell vegetables. Her goal is for her children to graduate from university.

Loans 22 & 23

June 1st, 2007 at 08:15 pm

Today I made another 2 loans and still need to make a couple of more when I have a bit more time to look. Here are the two most recent, again, both for $25. I actually have to set a time limit when I visit because I could spend a few hours reading thier stories...

Alice Wuala

Alice Wuala is married with three children. She attends Inkiito Baptist church and she is the treasurer of the Enanyor group. She started her business years ago, and her retail shop business has been doing well. She has managed to stock her shop with most of the necessities. She is now able to take of her family without much struggle. She trained through the WEEC programme, and this has helped her a lot. She now knows the importance of saving and putting the profits back into the business. Alice Wuala is grateful to her trainer and she is a good example to women in her area. The demand for goods in her area is now increasing, forcing her to expand her retail shop by stocking it with different types of goods to meet the demand. She would like to be given a loan of USD450 to buy more stock, and she is willing to repay the loan on a monthly basis.

Long Sothear

Long Sothear, who is 34 years old mother of 5 children, lives in Prey Veng province, Cambodia. She makes around $2.5/day by growing a variety of crops in the field. Her husband is a construction foreman and generates about $4/day, which is a potential for their household. Sothear hopes the loan will help her in investing more seeds to grow and another part is to repair their house in order to protect it from leaking during the rainy season. In the future, Samnang would like to own a grocery store at the market.