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August 2022
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Microfinanced Today

The last time my friend Samee and I had significant face time, she introduced me to Kiva, a microfinance website in which she was a lender, lending $25 at a time to small businesses and entrepreneurs in developing parts of the world.

It’s microfinance and at the time I thought it was a really cool idea.

I finally got around to looking at the site more closely today, deciding to lend $25 to Aventina Amélia Biza, an entrepreneur running a liquor store, selling drinks and sodas with a pool table that I hope encourages lingering visits with multiple drink purchases. She’s raised her $350 and has promised to pay it back over the next five months, complete with interest.

When I told Samee about it today she was both delighted (“Wow, you’ve done a good thing!”) and a bit disturbed (“A liquor store?!”).

I figure that the liquor store is likely to repay its loan and then I can make more loans doing more good in the long run. If you want, you can keep track of my loans on my Kiva Lender Page.

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