Daily Archives: April 26, 2009

An Update on the Kiva Micro-Finance Experiment, Part II

Last September, I introduced you to Kiva, the world’s first person-to-person micro-lending initiative in a post where I posed the question Can Micro-Finance Make a Macro-Difference? after being referred to the site by a fellow hoser.

In an attempt to answer that question, I decided to conduct an experiment. Since last July, I have been making two loans a month under the hypothesis that if it works, after a year I will have enough capital in the Kiva system to help a new person every month as previous micro-loans get re-payed. To date, the doctor has made twenty $25 Kiva micro-loans (which get bundled with other micro-loans to fund loans to individuals and groups through Kiva’s micro-finance partners). The loans are:

Individual Institution Total Loan Loan Funded Disbursed Repayment Term Repaid to Date*
Gulchehra Rahimova LLC MLO Humo and Partners 1,175 June 28, 2008 July 12, 2008 12 months 67%
Din Ly CREDIT (World Relief) 250 June 28, 2008 July 12, 2008 18 months 44%
Araba Awotwe Christian Rural Aid Network (CRAN) 350 August 14, 2008 August 28, 2008 7 months 100%
Serigne Cisse UIMCEC (Christian Children’s Fund) 975 August 15, 2008 August 29, 2008 12 months 58%
Mavluda Tosheva LLC MLO Humo and Partners 450 September 1, 2008 September 15, 2008 12 months 50%
Mario Aguilar Fundacion Paraguaya 475 September 1, 2008 September 15, 2008 11 months 55%
Irene Microfinanzas PRISMA 1,200 October 11, 2008 October 25, 2008 6 months 83%
Sokhna Sene UIMCEC (Christian Children’s Fund) 300 November 1, 2008 November 15, 2008 12 months 33%
Essoneya Tchindo WAGES 300 November 1, 2008 November 15, 2008 12 months 33%
Guillermo Microfinanzas PRISMA 325 November 1, 2008 November 15, 2008 10 months 40%
Olinda Microfinanzas PRISMA 325 November 27, 2008 October 31, 2008 6 months 67%
Sron Chea Group AMK 200 November 27, 2008 October 28, 2008 4 months 100%
Kayi Lawson Microfund Togo 1,175 January 2, 2009 November 17, 2008 18 months 11%
Abdulhokim Azimov LLC MLO Humo and Partners 600 January 3, 2009 January 17, 2009 10 months 20%
Feliciana Llano Ramirez Manuela Ramos / CrediMUJER 475 Feb 4, 2009 Jan 15, 2009 5 months 67%
Atta Ofori Sinapi Aba Trust (SAT) 525 Feb 4, 2009 Jan 26, 2009 10 months 14%
Moeun Sileng CREDIT, a partner of World Relief 1200 Mar 1, 2009 Feb 12, 2009 21 months 6%
Mohammad Ameen s.a.l. 1200 Mar 1, 2009 Feb 5, 2009 15 months 8%
Daniel Adu Sinapi Aba Trust (SAT) 725 Apr 5, 2009 Mar 26, 2009 8 months 0%
Adetokunbo Fajuke Lift Above Poverty Organization (LAPO) 500 Apr 6, 2009 Apr 20, 2009 10 months 0%
Averages   636     11 months