Day #75: Give to a Farmer in Armenia

 

Artur Feroyan - Sevan, Armenia (Kiva.org)

Back in February we gave loans to 5 entrepreneurs through Kiva.

Kiva is a microfinance website that makes it easy to lend small amounts of money to people with low-income around the world.

Some of those loans have now been partly repaid. As funds are repaid, they go back into your Kiva account. From there, you can either withdraw them to Paypal or use them to lend to someone else.

Tonight, I used money in my account to lend again – this time to Artur Feroyan, a farmer in Sevan, Armenia. He is 23 years old and has a wife and 1-year-old son. His loan will help him place stall boards and showcases in his new shop and to buy beverages, food, candy, and sausages to resell.

Comments

  1. This is great. We are learning more and more about microfinance in the developing world. Jay just went to a presentation by Hope Intl. He is partnering with them in his new business venture. Here’s hoping for business and world-changin’!!! :)
    http://themcgeefamily.wordpress.com/2011/03/12/business-as-blessing-jay-blogs/

  2. I think Kiva is an awesome organization and it is neat that you are able to know in some way who you are helping.

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