Friday, June 17, 2011

KIVA Loans for June 2011

Going all out this month and making two KIVA loans, because the repayments coming back from those we have lent money to in the past year or so has provided enough money to make two new loans! While we usually loan money to women, tomorrow is Father's Day, and in honor of my dear husband Tony and my dear departed Dad, Charlie, I decided to choose two men as the recipients of these loans.

Our first loan goes to Bayardo Ines Ramirez of Nicaragua, who has asked for a loan of $400.

Bayardo has a tricycle taxi service. He is very responsible and enjoys his work, and this is the first time he has requested a loan. Although the work is steady and he has been able to make a living, he does not have sufficient capital to buy new tires, make needed repairs and reupholster the passenger seat of his tricycle taxi. This small loan will enable him to maintain his taxi and continue to earn a living.

Our second loan goes to Miguel Ernesto in El Salvador. Miguel is a young man who lives with his wife and their two-year-old son. Miguel plants beans on a small plot of land. He sells some of the crop and also helps to feed his family with it. He is getting ready for the harvest and is requesting a loan of $300 to purchase better quality seeds and fertilizer for his field.

The loan will makes a significant difference to Miguel's success. The new seeds will help him generate a good harvest to take to market. Miguel's dream is to be able one day to buy his own house, and live with dignity with his family.

We are happy to help in some small way Bayardo and Miguel to achieve their goals for themselves and their families.

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