Kiva Micro-Finance

Posted by Patrick Gibson 
on Apr 04, 2015
 
DON'T FORGET -- April 29th.
 
 The Rotary Club of Edmonton Strathcona is re-scheduling their weekly noon meeting on April 28, 2015, to hosting an information and discussion evening on Wednesday April 29 at the Yellowhead [micro] Brewing Co., in conjunction with April being the world wide "Micro Finance" month. The focus is on Kiva, the pricinpal online micro lending institution. - See more at: http://portal.clubrunner.ca/399/Event/da58fdfa-6731-4fa1-ac0e-4723567516df
 
    Update
Our Rotary club's Kiva team continues to move our loan portfolio ahead.  To date we have made 162 loans and to date we have 32 loans that have been successfully paid back.
                                             Update
The average lender on Kiva has an outstanding loan portfolio of just $38.30 while we have an outstanding loan portfolio of $1942.33 the average lender on Kiva has a delinquency rate of 5.77% while we have a delinquency rate of just 2.05% and the average lender on Kiva experiences a default rate of 1.11% while we have a default rate of 0.00%.
                               Update
Our Kiva lending team now consists of 21 individual Kiva lenders and one other Rotary club as well as the J. Percy Page Interactors, as well some team members are members of our Rotary club, some are members of other Rotary clubs and some are not Rotarians at all, this small group of committed lenders has now cumulatively made 448 loans totaling $12,400.  
 
The ongoing good work by everyone involved in this positive, immediate solution helps us connect one on one with real people around the world.
 
Keep up the great work!
 
Open RCES Kiva site page: http://tinyurl.com/RCESkiva