We’re happy to share that we reached a mini-milestone in our lending relationship with Kiva: our 50th loan. Since our last blog post, several of the small business owners whose microloans we helped to fund paid back their loans, and since we choose to re-loan the money rather than withdraw it, that allowed us to lend to two more entrepreneurs. We now have eight loans currently in process, including #49 to Fibrije’s shoe sales business in Albania and #50 to Alou’s bakery in Mali.
Our next goal is to fund loans to borrowers in all of the countries who have microloan partnerships with Kiva. So far, our 50 loans represent borrowers in 31 of Kiva’s 72 partner countries.