Friday, August 19, 2011

Positive Update on our Microfinance Loan


We received an email update this week from Kiva about our microfinance loan we made to Rosine from Rwanda for her fruit and vegetable business. She has made her first loan repayment to us on time! She has 3 monthly repayments to go until she has repaid the entire amount. So by December Rosine will be debt free. She must be a very good businesswoman to have made her repayments on time. As soon as we have received all our loan amount back we will search for another worthy lady to help.

Update - Rosine repaid her loan to our group on time, so now we can re-loan that money to another worthy lady involved in agriculture!

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