Lakev Groceries

What $500 Can Mean: KIVA Microlending Success Story

Awhile ago I introduced the organization KIVA microlending to Culture Kitchen. KIVA a microlending agency that connects small businesses with small investors like you and me. KIVA works with local partner organizations to find businesses around the world that look promising and want loans to expand. Loans can be a few hundred dollars all the way up to a couple of thousand dollars. Investors like me can put as little as $25 into the pot and KIVA combines these small amounts of money until the loan is filled. They then disburse the money through their partner organizations and keep track as the business pays back the loan. When the loan is paid back you can either take back your money (you get no interest) or you can reloan to another business.

I started loaning to businesses through KIVA over a year ago. And I have felt like my loans have really made a difference to families around the world. I want to share with you one of the amazing success stories I have been a part of and I hope that it will inspire you to participate in KIVA's efforts.

Lakev Groceries is a small shop in Eregi, Kenya owned by Petronilla Shivachi, nicknamed "Betty" by her customers. Eregi is in Southwestern Kenya near the Kakamega forest. This forest is the last virgin rainforest left in Kenya and is part of the Lake Victoria catchment basin. This whole area's environment is endangered because of the drying up of the African lakes region. I should add that any success story in Eastern Africa is also endangered by the drying up of the African lakes region and the East African environment. As an aside to this diary I should add that the East African environment and economy depends on preserving these lakes and forests. To this end I always recommend people join me in supporting environmental efforts like those in the Albertine Rift Valley area and in the Kenya itself. And, since these lakes are bordered also by Uganda, preserving the environment in Uganda can also help the entire region. Again, the entire success story I am about to describe could be ruined by the environmental degradation of the East African Lakes region.


mole333's picture

| | | | |
Syndicate content

Visit our sponsors

Fill up our coffee fund

BlogAds

Visit our sponsors

Upcoming events

Who's online

There are currently 1 user and 1395 guests online.

Online users

Get our Digestifs du jour

Nibble daily on our brainy goodness with our daily syndication digest. You'll receive an email with a list and links to the previous day's posts.



Powered by FeedBlitz

culturekitchens

The Publisher
Liza Sabater

Daily servings of political dissent
culturekitchen

Grassroots News and
Activism for New Yorkers

Daily Gotham

Feminist Bloggers
Network

BlogSheroes

A new kind of vouyerism
Voogling

Art + Code + Philosophy
Potatoland.blog

Got any dirt, tips, leads or money for us? Then drop us a line or two at editors [at] culturekitchen [dot] com or use our general contact form to reach everybody in the editorial team ASAP.


Member's articles and stories

More stories

Words to live by

"The church of this country is not only indifferent to the wrongs of the slave, it actually takes sides with the oppressors.... For my part, I would say, welcome infidelity! Welcome atheism! Welcome anything! in preference to the gospel, as preached by these Divines! They convert the very name of religion into an engine of tyranny and barbarous cruelty, and serve to confirm more infidels, in this age, than all the infidel writings of Thomas Paine, Voltaire, and Bolingbroke put together have done!"


— -- Frederick Douglass, "The Meaning of July Fourth for the Negro"


Instant Congress

Don't know your Senators or US Representatives' phone numbers?
Enter your street address and zip code and find out right now.
Street number and name only:
Zip Code (5 digits):


Subscribe Buttons

Feed IconGoogleDeliciousYahoo!BloglinesNewsgatorMSNFeedsterAOLFurlRojoNewsburstPluckFeedFeedsAdd KinjaMultiRSSrMailRSSFwdBlogarithmSimplify