Around the holidays when we are reminded of how thankful we should be
(regardless of economic stressors), the International Society wants to
recap and provide a few updates on what's going on with the microLENDING
program.
First, the International Society is focusing on lending to women who are going to reinvest in their families and improve their economic and social situations (but check out the profiles for the men to whom we've lent).
One stunning statistic from www.girleffect.org is that women will reinvest 90% of their incomes in their families, while men will reinvest only
30-40%. Pair this data with the fact that for every development dollar
spent, women recieve less than 2 cents.
Second, we're trying to broaden the idea that Africa and India are not the
only places that require aid to include other developing countries. By
lending to individuals in Peru, Tajikistan, the Phillipines, Paraguay, and
Samoa, we will help women and children worldwide.
Third, we've lent again! Please see below for the new profiles of the
people we've helped! Also take a look at the payback rates!
For more information regarding helping young women worldwide and the
effects of microlending, please see a copy of Nicholas Kristof and Sheryl
WuDunn's Half the Sky. It presents some horrifying biographies that are
important for all of us to read and consider during this holiday season.
Thank you for supporting this program and check back after Christmas break
for more updates. And here's a fun fact for you: The International Society
is always asked, "what does 'KIVA' mean?" Well, after a bit of
research, one of the Society members discovered that "kiva"
refers to a heart or fireplace. So think about that implication as you
hang stockings with your family this Christmas.
Profiles (the first couple are repeats from previous blogs):
http://www.kiva.org/app.php?page=businesses&action=about&id=139988
http://www.kiva.org/app.php?page=businesses&action=about&id=132873
http://www.kiva.org/app.php?page=businesses&action=about&id=140202
http://www.kiva.org/app.php?page=businesses&action=about&id=142935
http://www.kiva.org/app.php?page=businesses&action=about&id=154107
http://www.kiva.org/app.php?page=businesses&action=about&id=148955
(regardless of economic stressors), the International Society wants to
recap and provide a few updates on what's going on with the microLENDING
program.
First, the International Society is focusing on lending to women who are going to reinvest in their families and improve their economic and social situations (but check out the profiles for the men to whom we've lent).
One stunning statistic from www.girleffect.org is that women will reinvest 90% of their incomes in their families, while men will reinvest only
30-40%. Pair this data with the fact that for every development dollar
spent, women recieve less than 2 cents.
Second, we're trying to broaden the idea that Africa and India are not the
only places that require aid to include other developing countries. By
lending to individuals in Peru, Tajikistan, the Phillipines, Paraguay, and
Samoa, we will help women and children worldwide.
Third, we've lent again! Please see below for the new profiles of the
people we've helped! Also take a look at the payback rates!
For more information regarding helping young women worldwide and the
effects of microlending, please see a copy of Nicholas Kristof and Sheryl
WuDunn's Half the Sky. It presents some horrifying biographies that are
important for all of us to read and consider during this holiday season.
Thank you for supporting this program and check back after Christmas break
for more updates. And here's a fun fact for you: The International Society
is always asked, "what does 'KIVA' mean?" Well, after a bit of
research, one of the Society members discovered that "kiva"
refers to a heart or fireplace. So think about that implication as you
hang stockings with your family this Christmas.
Profiles (the first couple are repeats from previous blogs):
http://www.kiva.org/app.php?page=businesses&action=about&id=139988
http://www.kiva.org/app.php?page=businesses&action=about&id=132873
http://www.kiva.org/app.php?page=businesses&action=about&id=140202
http://www.kiva.org/app.php?page=businesses&action=about&id=142935
http://www.kiva.org/app.php?page=businesses&action=about&id=154107
http://www.kiva.org/app.php?page=businesses&action=about&id=148955
~The International Society
