Okay, so maybe I am slow on the whole microloan thing, but I FINALLY made my first loans through Kiva.org.  In no way does this assuage my guilt/responsibility over issues of wealth, but it does feel pretty good to know that by loaning our just a small portion of our wealth, we could help someone else build their business and a better way of life.  Here are the three loans projects that I helped to fund:

  1. Mrs. Sboung Chrip, Cambodia
    Mrs. Sboung Chrip is 50 years old and lives with her husband and five children in Kampong Cham, Cambodia. Chrip and her husband work together growing vegetables and can each make about $4 per day. The couple has five children; one of them helps Chrip and her husband with their farming activities, while two work in a nearby garment factory and the other two are students. They hope to use this loan to purchase a small piece of land so that they can expand their farming activities. In the future, they would like to buy even more land–and perhaps even hire employees–so that they can further expand their business. Eventually, they hope that they can send their children to university.
  2. Mrs. Chim Sola, Cambodia
    Mrs. Chim Sola is 48 years old, and she runs a small business of renting out rooms to garment factory workers. She earns about $9/day in this business, and her husband contributes $2/day which he earns working as a motor taxi driver. Chim Sola and her husband support 6 children–4 of whom work at a garment factory. She will use this loan to build a home with four or five new rooms for rent. Over time, she hopes to save enough money to reinvest in her business and make it much larger.
  3. Khuraman Bayaliyeva, Azerbaijan
    Khuraman Bayaliyeva lives in Beylagan and sells women’s clothes from a small booth she rents in the Beylagan city bazaar. Her husband helps her buy the clothes she sells there. During 2001-2006, Khuraman took out 6 loans from Normicro Beylagan Branch totaling $2500. Now she is asking for a loan of $1000 to expand the range of goods she offers for sale.

We’ll see how this goes.

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