Showing posts with label Loans. Show all posts
Showing posts with label Loans. Show all posts

Wednesday, January 26, 2011

Microfinancing Funds Dreams and Prosperity

Mireille Kimbekete Nzoumba lives in the Congo city of Brazzaville.  Just this week she received a small loan for $625 (USD).  The money will go to bolster her inventory and improve her business.  Besides being a small business owner and providing a service to her community, she is also a wife and mother of three small children.  Mireille is scheduled to have her loan repaid by July 2011.  One day she hopes to open a beauty school.

The nonprofit Kiva made the loan possible through money provided by generating a community of lenders who could be anyone.  Loans range from $25 dollars or less to a few thousand. So far Kiva has made more than $100 million dollars in micro-financing loans possible.  Find out how to lend here.