Every month Fix the World is able to help support others in need through Kiva. We are happy to share their stories with you here!
This will be her very first loan request to Kiva from Tujijenge Tanzania. Florence applied for this loan to improve her sewing business. With the loan she plans of replacing the out-of-stock sewing materials such as sets of fabrics, vitenge, khanga, bobbins and tape measures for her business to grow.
Florence works very hard to provide a better education to her children and she will be accountable for paying back the loan in full at maturity. https://www.kiva.org/lend/1158849
Flowers Group’s story
In 2010, Kim joined Thanh Hoa microfinance institution to improve her business. Kim has successfully repaid six loans from Thanh Hoa microfinance institution.
Kim is a reputable person in the community. She is the leader of her solidarity group. The main hardship she faces is lack of capital. She is requesting a loan to purchase baby poultry to raise and sell in future.
In the future, Kim hopes for her children to find a good job, for her family to be healthy and happy, and for her business to do well.
Hope Group’s story
This new loan will help Gédéon to buy two photocopy machines, two computers, and one printer. Gédéon has to pay heavy state taxes to run his business. He thanks Hekima and all its partners for the support they provide to small entrepreneurs who are excluded from the traditional banking system.
Lack of affordable financing for cocoa farmers in Ghana inhibits their productivity and, in turn, makes it more difficult for them to earn sufficient income and withstand adverse economic shocks (e.g. illnesses, poor growing season, natural disasters, etc.). This problem stems in part from a lack of data on individual farmers (to establish creditworthiness), as well as the relatively high cost of servicing them in rural areas, both of which have discouraged traditional financial service providers like banks and microfinance institutions from extending financial services to farmers.
With technical support from Bankable Frontiers Associates & MasterCard Foundation and your Kiva support, Farmerline plans to create a credit-scoring product that will enable Cocoa Purchasing Clerks to provide cash advances to at least 500 cocoa farmers