It's been a big month at Kiva with Partial Loan Repayments, Lending Teams, and KivaVision! This month's newsletter tells you what we've been up to, shows you a cool way to see what Kiva Lenders are up to, and includes a report straight from Kenya!
Let us explain that a little more. Before August 28, Kiva Lenders were unable to lend repayments on their loans until the entire loan was repaid. So, if a loan was half repaid, the funds that were repaid stayed with Kiva until the other half of the loan was also repaid, at which point Kiva gave the lender access to their funds.
That all changed on August 28! Kiva's whole staff (and many lenders) watched as the engineering team released an important change to the website, giving lenders access to any repaid loan funds which Kiva has access to. The total of these "partial loan repayments" was TEN MILLION DOLLARS.
Make a Bigger Impact: Join a Team より大きなインパクトを ： チームに参加しよう
We know that many Kiva Lenders don't just lend through Kiva as an individual. There are many families, classrooms, church groups, university clubs and social groups that lend through Kiva as a fun or educational activity to do together.
Now you can show the impact of your group with Lending Teams! わたしたちは、Ｌｅｎｄｉｎｇ Ｔｅａｍ（融資チーム）を利用することであなたのグループが持つインのアクトをご紹介します！
Each group member can have their own Kiva account, and be a team member at the same time, counting their loans towards your team totals. Already there are over 500 teams, including the Kiva Shopping Club, Campus Kiva, and even Team Europe.
Story from the Field: Dorine Awino, Serial Entrepreneur and Hope Dealer
現場からのストーリー ： Dorine Awino、一連の起業と希望のディーラー
(Zack Turner is a Kiva Fellow from Santa Barbara, currently working in Kenya with Opportunity International - Wedco Co.)
（Ｚａｃｋ Ｔｕｒｎｅｒはサンタバーバラ出身のＫｉｖａ Ｆｅｌｌｏｗ（同僚、研究員の意味）で、近頃はケニヤでOpportunity International -wedco Co. と働いています）
I stepped into a small tin covered room where a younger woman sat working on an embroidery machine. Dorine, a young Kiva entrepreneur, introduced me to the woman who is one of her embroidery students. The embroidery school she offers in this room is her third successful business of an accomplished 24 year old micro-entrepreneur. Her three businesses include a shoe stand, a clothing kiosk, and an embroidery school.
Dorine is a single mother with two young children. Her career began in Nairobi working at a large embroidery factory. She knew that she didn't want to stay long and saved to buy her own embroidery machine and started her own business. That led to starting a shoe business and later a clothing business. The growth of her diversification shows what ability, coupled with small loans, can do.
This past winter, Kenya ignited into political and social turmoil due to the disputed presidential election. During the height of the protests, looters broke into her shops and stole her stock. Thankfully they didn't take away the heavy and expensive embroidery machines.
During the crisis in January and February economic activity halted, people rioted, others fled, all suffered from the lack of stability. Despite all this, Dorine doesn't blame others, she isn't bitter, her resilience and spirit is fueled by optimism. "Things have been getting better, people are buying goods again and the beginning of the school year will begin the busy season". Her plans for the next loan are to buy an advanced embroidery machine to make fine and delicate dresses and eventually she wants to see both of her kids graduate from a university.
Since my time with Dorine, I've met hundreds of other entrepreneurs. They have all been remarkable in their own ordinary ways, but there is something about Dorine that lasts. I've been learning that Kiva entrepreneurs don't operate in a small, linear, and segmented sphere that is described the few sentences of text of posted profile. Could I summarize your life and work in a couple paragraphs? I didn't think so. Kiva entrepreneurs are multidimensional and complex, driven and anxious, challenged and enabled.
As a Kiva Fellow I've seen how micro-finance really works. How its small loans can add promise and possibility into peoples lives. How it spreads to their families and their friends and their neighbors. That's why Dorine opened up the embroidery school, not as a means to make more money, but as a way to pass on to other women what she has received. Tens of her pupils have learned embroidery from her and many more will.
KivaVision is a cool page we created which shows you, real time, who is making loans on Kiva. Every time a loan is made, the world map moves to show you who made it and where they are. There's no better way to watch the whole world doing good, right now.