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~Shaun
Donate below if you are a believer like me!
Hey everyone if you look to the left side bar you can see that the loans for our 2 Kiva donations have been dispersed! You can follow their updates until the money is returned 12 months from now! It is really pretty exciting because the field partners provide updates every few weeks on the entrepreneur’s progress, along with pictures and data!
~Shaun
Hey followers, thanks to your efforts we were able to raise a total of $500! That’s is only 50 below our goal. This year is going to be a year of giving! Giving to others, giving to ourselves, and giving to a our spiritual creators. You can check out the 2 entrepreneurs we funded below courtesy of Kiva.org
Enkhbold Delgertsogt is 27 years old and lives with his wife and two children in the Tuv province of central Mongolia. His daughter, 6, attends a local primary school and his son, 2, stays at home.
Delgertsogt operates a stove and scrap-metal business in his town. He began as a scrap-metal purchaser in 2004 and since then, has expanded his business by also building stoves. Delgertsogt’s wife purchases scrap metal from people in his town and then he transports it to Erdenet city to sell to the recycling plant. They operate their scrap-metal business from land next to their house, where his wife purchases the metal. Delgertsogt operates the stove building/welding side of their business from a shop downtown.
He wants to be able to afford an apartment for his family one day where they will be more comfortable. Delgertsogt is requesting a 2,000,000 tugrug loan in order to be able to purchase more scrap metal, welding materials and cement blocks for his business.
XacBank was founded in 2001, and listed its first loan on Kiva in January 2009. It is the largest micro-finance organization in Mongolia, but also has mainstream commercial operations. XacBank has the vision, scale and innovation to develop and implement new solutions to poverty. It is currently utilizing Kiva’s 0% lending interest rate to return 9% of interest paid from borrowers to them in the form of a savings account at the end of their loans. This not only allows borrowers to gain financially, but also encourages them to save.
Mwanahamis Bakari is a Tanzanian entrepreneur. She is a married woman with four school-aged children of whom three are in secondary school and one is in primary school.
Mwanahamis runs two groceries at Tabata community in Dar es Salaam. She sells a variety of both soft and alcoholic drinks. She has been in the business for six years and, with her business income, she has managed to pay school fees, meet daily family demands and also capitalize the business.
Mwanahamis finished repaying 1,200,000 Tshs and she is requesting a new loan of Tshs 1,400,000 to boost her business.
Charity Water
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