Wow...time has flown by while working on other projects and I'm way overdue on an update:

I made tha $25 loan to Djikoloum Hubert



Djikoloum Hubert is a 22-year-old artist. While continuing his studies, he does some painting jobs ordered by customers. Now he is intending to open a workshop that will allow him to have good working conditions. He wants to set up his workshop so that it can also serve as a barbershop. With this goal in mind, he is asking for a loan of $575. He believes that this will allow him to pay for his advanced studies.

Unfortnately, there were issues with it and I received the following letter saying my loan had been returned:

Thank you for your loan to Djikoloum!

As part of Kiva’s due diligence process, we assess a microfinance institution before they join Kiva and then on an ongoing basis as they work with Kiva. We are excited to work with partners across the world that are committed to serving the poor.

ACODE, Kiva’s partner organization in Chad, works in a particularly difficult region. Chad is a country dealing with a massive refugee crisis from Sudan, ongoing conflicts with rebels, and a government with mixed relations with the international community. While we are committed to working in difficult areas, we also work with a sense of heightened diligence in ensuring that Kiva funds reach the intended recipient.

After much consideration, we have decided not to wire the funds to ACODE and to re-fund all of their loans to lenders. Because of difficulties with wiring funds, Kiva was never able to disburse the funds to ACODE. While this loan may have been marked as disbursed and/or partially repaid, this was because ACODE used Kiva’s automatic options that mark disbursements and repayments for the organization (the organization is responsible, then, for marking exceptions).

We apologize for this inconvenience and appreciate your patience. We hope that you decide to re-loan these funds to another business but you may also withdraw the funds or donate them to Kiva.

That money has been placed back in my account, so I will have to make a few more loans once I get everything updated...