Thursday, October 7, 2010
Our Newest Kiva Loan
One of our Kiva loans, to Leonora in the Philippines, has been paid off (congratulations, Leonora!), allowing us to relend our money, and our latest loan is going to Marine in Armenia (pictured above). Marine is a young woman who lives with her three brothers and parents. She rents retail space for selling shoes -- cute ones -- which made choosing this loan so easy for Brigette!
Marine needed a loan to purchase new inventory, which will satisfy her longstanding customers, and will probably bring in new customers, too, helping her to grow her small business. We, along with 90 other lenders all over the world contributed to a microloan for Marine. It's always interesting to see where other lenders come from. Marine's lenders include people from our own stomping grounds of Cincinnati and Lorain, Ohio.
This is our 23rd loan since we bought the Inn on Mill Creek, and our second loan to a small business owner in Armenia. You can read more about our Kiva experiences on this blog.
Learn more about fighting global poverty by microlending to small business owners in developing countries at www.kiva.org.