Micro-lending to change the world

Back in January I helped make a loan to Nosirova Uguljon so that she could buy a greater range of goods for her childrens’ clothing business. Nosirova’s business is in Kanibadam, Tajikistan. (Tajikistan is the poorest of the former Soviet republics.) Her daughter helps with the business:

Nosirova Uguljon's Daughter

Nosirova Uguljon's Daughter

Entrepreneurs like Nosirova are the key to building the economy in poverty stricken areas like Tajikistan. Plus, her daughter represents a better future for their family and community. Although the total loan amount was $1,200, it only took $25 of my money to help support this business. I was able to join with 37 other lenders to support Nosirova’s business through the microfinance site, Kiva.

Alice Indangasi Shabola

Alice Indangasi Shabola

She’s already paid back her loan and I’ve turned around the $25 and loaned it to Alice Indangasi Shabola for her clothing business in Kenya. That $25 now represents $50 of economic impact to businesses in developing countries. When Alice pays back her loan, I’ll loan that money out again to yet another business. You can see what kind of long-term effect just $25 can have on Kiva.

Of course, once you’ve made one loan, you want to make more. :) Here’s my lending page on Kiva showing all the loans I’ve made.

I hope you’ll find $25 to loan through Kiva and have a real impact decreasing poverty around the world.