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Hurtado S.C. helps fund loans to small construction companies
throughout the world with the help of Kiva.
Learn
how you can make Micro Loans through Kiva!
Meet Nguyen Thi Hoa
One of
our many microloan recipient success stories!
About the Loan
Location: Ninh Giang, Viet Nam
Sector: Health
Activity: Natural
Medicines
Loan Use: Buy more herbs
for her shop and build a bathroom.
Repayment Term:
14 months (more info)
Repayment Schedule: Monthly
Currency Exchange Loss: N/A
Default Protection: Covered
Mrs. Hoa
is a 52-year-old grandmother and a woman of great distinction in her
village. She's on the executive board of the local Women’s Union and the Farmers Union. Besides that, she runs an herbal shop with
her 53-year-old husband. She has great knowledge of herbs and plants, so
she prepares and buys them, while he sells the herbs at the shop. They live
in Ninh Giang, a rural
district in Hai Dung province, approximately 50
miles southeast of Hanoi. Besides the herbal shop, they also have rice
paddies and raise chickens. She wants to invest more in her herbal shop and
wants to finish her bathroom. That's why she applied for a new loan. The
profit of their shop is $187.50 per month.
About Kiva
Kiva's mission is to connect people, through lending, for
the sake of alleviating poverty.
Kiva empowers individuals to lend to an entrepreneur
across the globe. By combining microfinance with the internet, Kiva is creating a global community of people connected
through lending.
Kiva was born of the following beliefs:
- People are by nature generous, and will help
others if given the opportunity to do so in a transparent, accountable
way.
- The poor are highly motivated and can be very
successful when given an opportunity.
- By connecting people we can create
relationships beyond financial transactions, and build a global
community expressing support and encouragement of one another.
Kiva promotes:
- Dignity: Kiva
encourages partnership relationships as opposed to benefactor
relationships. Partnership relationships are characterized by mutual
dignity and respect.
- Accountability: Loans encourage more
accountability than donations where repayment is not expected.
- Transparency: The Kiva
website is an open platform where communication can flow freely around
the world.
As of
November 2009, Kiva has facilitated over $100
million in loans.
Taliesin Preservation - Kiva - United Community Center - Meta House Shelter for Women & Children -
Habitat for Humanity of Waukesha County
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