Friday, June 26, 2009

KIVA Update

I just received the July payment on the microloan I made to Margaret Adedeyinbo in Nigeria via She's right on schedule, paying $118.75 as expected ($3.12 of which goes to pay me back).

She's repaid 38% of the loan, and it appears her business selling frozen foods is going well.

Note: KIVA recently started making small loans in the US as well as overseas. They were featured on the nightly news a few weeks back. Check them out - and if you've got an extra $25 laying around, I hope you'll consider making a microloan of your own!

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