Brilliance of Microfinance


In December my wife and I funded a couple of microfinance loans through to a group of women in Uganda who needed to buy another sewing machine and some cloth stocks to build up their business. The loan was fully funded in January 2008. Today Kiva reported to me that they have already repaid 25% of the loan.

We always talk about bottom-up solutions on this blog. is the real deal and I hope you support them.

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0 Responses to Brilliance of Microfinance

  1. Another Kiva User says:

    My wife did the same thing earlier this year or late last year. The two loans she funded have been repaid 50% and about 33%, respectively.

    Our experience with Kiva so far has been great. I’m glad to hear that yours is similar.

  2. Another Jon says:

    This is great!
    Thanks Jon for pointing this out….

  3. Hugo says:

    I just opened the string to make a comment, and found that AJ had made it already!

  4. Ken Ballweg says:

    Thank you for the push. I’ve heard about Kiva sort of peripherally for awhile, but didn’t realize it was a simple way to participate in financing micro loans (one of the few really great economic concepts of the past fifty years.)

    Joined, donated, and gave up my address book. Since I’m retiring in a month, wish I had know as I would have done this as the request to my colleagues as an alternative to retirement gifts. As is I’m asking them to join The Arc of Oregon instead, but plan to plug Kiva as well.

    What a great thing to use as an alternative to “in lieu of flowers.”

  5. Ethan Bauley says: is another BRILLIANT implementation of distributed microfinance…

  6. zestypete says:

    Check out the latest book by Muhammad Yunnus of the Grameen Bank of Bangladesh – “Toward a Poverty Free World” –

    FYI, Yunnus and Grameen pioneered microfinancing as a business and he received the Nobel Prize for his efforts.

    Well worth reading. As he pointed out in a recent interview we did in one of the mags I work on, “If sub-prime is a high risk area of business, what do you call doing business with the poorest people? Extremely high risk business can be done in a satisfactory way with a very high repayment rate, and I think there is something to be learned from that.”

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