Since that lecture I've always wanted to participate but haven't taken the plunge until now. I said good-bye to the new pair of shoes I was going to use my birthday money for and instead loaned the money through Kiva.org to Ms. Badra Guruge from Sri Lanka, who was asking for a loan to help her increase her stock of fruits and vegetables to sell at the stand she operates at her local market. Between myself and 14 other lenders her loan was funded and over the next 16 months she will update us on her progress and make installment payments on the loan. Hopefully it will make the difference she is hoping it will in her quality of life. Though I was looking forward to the new shoes (they were red and very sassy), I find it hard to miss what I never had (and now have something I didn't know I missed).
05 May 2010
Microfinance vs. Birthday Shoes
Since that lecture I've always wanted to participate but haven't taken the plunge until now. I said good-bye to the new pair of shoes I was going to use my birthday money for and instead loaned the money through Kiva.org to Ms. Badra Guruge from Sri Lanka, who was asking for a loan to help her increase her stock of fruits and vegetables to sell at the stand she operates at her local market. Between myself and 14 other lenders her loan was funded and over the next 16 months she will update us on her progress and make installment payments on the loan. Hopefully it will make the difference she is hoping it will in her quality of life. Though I was looking forward to the new shoes (they were red and very sassy), I find it hard to miss what I never had (and now have something I didn't know I missed).
03 May 2010
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