SUPPORTS KIVA LOANS
HIPPY BUDDY SUPPORTS KIVA LOANS. PLEASE READ….
What is Kiva?
Kiva’s mission is to connect people, through lending, for the sake of alleviating poverty.
Kiva empowers individuals to lend to an entrepreneur across the globe. By combining microfinance with the internet, Kiva is creating a global community of people connected through lending.
Kiva was born of the following beliefs:
- People are by nature generous, and will help others if given the opportunity to do so in a transparent, accountable way.
- The poor are highly motivated and can be very successful when given an opportunity.
- By connecting people we can create relationships beyond financial transactions, and build a global community expressing support and encouragement of one another.
- Dignity: Kiva encourages partnership relationships as opposed to benefactor relationships. Partnership relationships are characterized by mutual dignity and respect.
- Accountability: Loans encourage more accountability than donations where repayment is not expected.
- Transparency: The Kiva website is an open platform where communication can flow freely around the world.
As of November 2009, Kiva has facilitated over $100 million in loans
HIPPY BUDDY HAS SUPPORTED:
Additional information about this loan
About HOPE Ukraine
HOPE Ukraine is part of the microfinance network HOPE International. A Kiva Field Partner since 2006, HOPE Ukraine aims to be a leading provider of family financial services. It exists to help clients and their families develop spiritually, personally and economically.
HOPE Ukraine clients are generally highly educated but lack the opportunity to find employment. With loans from HOPE, they are able to start and build small businesses such as transportation services or clothing shops, often hiring one or two employees to assist them.
With their profits, HOPE supports a children’s ministry. “Tomorrow Clubs” are after-school programs that teach over 11,000 children the gospel through games and songs.
About the Loan
Dmytryi is seeking a loan of 20,000 Grivnyas to purchase seasonal merchandise, i.e. tank tops, shirts and tees for men. He is hoping to generate additional income to be re-invested in further expansion of his business and to be used for personal needs. One of Dmytryi’s plans is to do remodeling in his apartment which is always a costly enterprise.
Maguinda Diaz Diaz is a married woman who lives in Prk.II, Nangka, Brgy. Argawanon, San Remegio, Cebu. She earns her living with a handicraft business. Her husband, Max Arthur Diaz, age 26, works as a construction worker to earn his living. They have four children who are 1 month to 6 years old.
Maguinda joined NWTF-Project Dungganon in 2005 because she wanted something better for her family. With the help of her past eight loans from NWTF-Project Dungganon, and by the sweat of her brow, Maguinda has been incrementally lifting her family out of poverty. Her previous loan of 14,500 Philippine pesos (PHP) helped her earn a monthly profit of 8,000 PHP, thus improving the family’s standard of living. This time, for her ninth loan, she is borrowing 19,000 PHP which she intends to use to purchase raw materials so that she can continue to save up for future house repairs. Maguinda Diaz is a Dungganon woman who is following an honorable path towards the achievement of her dreams.
In a world full of challenges, Negros Women for Tomorrow Foundation (NWTF), is making a difference in the lives of thousands of women through Project Dungganon (a Hiligaynon word that means honorable). Through the alleviation program, NWTF is empowering these women to progress from earning less than $1 a day to achieving realities that surpass even their dreams. They have taken a life path that will ultimately make them Dungganon – a title of esteem that is bestowed on a member of a community who has earned respect through a lifetime of hard and honest work. Help NWTF continue its mission to help the poorest in the Philippines by clicking the link to the NWTF Kiva lending team on Kiva.org to join our team.
|Avg Annual Income:||$1175|
|Currency:||Philippines Pesos (PHP)|
|Exchange Rate:||43.7950 PHP = 1 USD|
|Repayment Term:||26 months
|Loan Use:||To buy more timber and logs||Currency Exchange Loss:||Possible|
|Default Protection:||Not Covered|
Bat-Erdene Bumbun is 46 years old and lives with his wife and two daughters in Arhangai province of Mongolia. He and his family live in a ger, a traditional Mongolian nomadic tent. His oldest daughter, 20, is a university student while his youngest son, 15, attends a local high school. His wife sells farm supplies for livestock in the central city of province. Bat-Erdene operates a timber trading business in his town. He started his business in 2004 with 1,500,000 MNT of working capital which was used to purchase a vehicle. Over years of operation, he has built a stable and successful operation and his working capital has grown to 4,000,000 MNT. He purchases his timber from Bulgan province and sells it back to the local town for profit. He has gained much experience and also has a wide range of customer both in Arhangai and Bayanhongor provinces. He is a modest and hardworking man. He is requesting a 3,000,000 MNT loan to buy more timber and logs in order to increase his sales.
Nuon Chantheoun’s Group
About the Loan
Eight people are forming a village bank loan. They are located in Sdau Kanlaeng village in Kandal province. Mr. Nuon Chantheoun, a married man born in 1981, is the village bank president, selected by the other members.
His wife, Mrs. Lat Sina, was born in 1988 and works as a seamstress in a garment factory where she can earn a little salary to support her family. This couple has a child who is just 2 years old.
Mr. Nuon Chantheoun earns his living by tailoring at home. In order to increase his income to improve the family’s condition, he would like to ask for a loan to buy more fabrics to resell and to support his business activities.
Oleg would like to borrow 20,000 UAH to increase his inventory. He is going to use the loan to purchase new clothing for the spring season. Oleg is very optimistic and believes he can develop his business even more.
Jeana works hard to provide for her family. She runs a sari-sari store in the Philippines and requested a PHP 17000 loan through NWTF to buy more items to sell in her sari-sari store.
Jeana has borrowed and repaid 12 loans from NWTF before this loan. She has been running the sari-sari store for 5 years and also earns an income from fish and vegetable vending, frozen foods, and raising pigs.
Jeana aspires to save enough to provide a secure future for her family.
HIPPY BUDDY SUPPORTS 2 NEW LOANS GOOD LUCK TO BOTH………Musalam is divorced and is a loving mother of three children. It is hard for her alone to support the family and provide for her children. For more than eight years she has been buying and selling shoes. Musalam wants to expand her business so that she could provide better for her children and improve the conditions they live in. She wants to get a loan in the amount of 12000 somoni to buy winter clothing and shoes.
Vusal is 31 years old. He is married with two children. Vusal sells detergents in the central local market. He has been in this business for 10 years. This kind of product is very popular among local people. His monthly income from selling detergents is about 250 USD. Considering the constant demand for this kind of goods, Vusal’s business is quite successful and brings a stable income for the family. Today, Vusal requests 1,500 AZN to purchase more items with the purpose of increasing his range of goods to sell. This will be his second loan from AqroInvest
Azen lives with his wife in ger (Mongolian yurt) in Bayan-Ulgii province, Mongolia. His wife helps with his business. He started his garment retailing business in 2007 by renting a counter in a market. Now he runs a whole shop and his business is expanding rapidly. He is well known for his eye for fashion. Now that winter is approaching, he needs money to buy warm clothes. He is a sharp and hardworking man who says, “I started this business from scratch; now that I’m here, I believe that someday I can build my own store”. He is requesting 3,700,000 MNT to purchase winter clothes
Inomjon is married and has one child. He is a very hardworking and conscientious man. He has grown onions for more than three years. He handles this business very well because his father also grew onions, and he helped his father. Inomjon wants to expand his business in order to earn a good profit and with this goal in mind, he is requesting a loan of 7000 Somoni to buy onion seed and mineral fertilizer.
Luan is a Roma man in his late thirties and he is married with two children. They live within their community in a central city in Albania.
The loan that Luan is requesting is his first one. With this he wants to buy used items to resell. Buying & reselling second-hand items is something that he has been doing for almost seven years.
Mrs. Concepción, 44, finished primary school; she is married and has three children that go to school. She sells traditional clothes in the local square, a line of work she started five years ago to improve her home’s income. She sells guipiles [a textile worn as a blouse] and other traditional clothing, blouses and sweaters, among other things. Her husband helps her; he makes traditional clothing. She started this group to request a loan that she will use to buy merchandise: traditional skirts, blouses.
Darlison is 30 years old and lives in the town of Kijura in the Hoima region of Uganda. She has 2 children who are both currently in school. For the past year, Darlison has been working hard to manage her retail store, which sells sugar, flour, rice and other items.
To help expand her business, Darlison has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more sugar, and flour to sell, and will help Darlison to generate greater profits and look after the family