Posted by: csdailyblog | January 22, 2011

Class of ’10 Contributes to Kiva.org Micro-loans

Kiva.org administers micro-loans to small businesses -- micro-businesses -- around the world. Conserve's Class of '10 donated their class gift to this non-profit organization.

During our four-year program, each graduating class raised money for a class gift and, as a group, decided how to allocate the funds. Typically, students would choose to purchase an item to enhance the school: one year graduating students bequeathed a bench, to rest in perpetuity on one of the students’  favorite Conserve School hills, and another year they purchased a large decorative clock to hang in the Gathering Space.

Members of the Class of '10 toss their caps in the air after graduating.

The class of ’10 took a different approach. Recognizing the importance of global citizenship, this class chose to invest their funds in the Kiva. org micro-loan program. Kiva’s tagline is “Loans that Save Lives.”  This non-profit organization administers small loans that support “micro-entrepreneurs,” individuals who would not typically be able to secure the funds necessary to start or enhance a small business venture. These entrepreneurs are then able to pay back the loans in small payments proportional to the earnings of their business. As the entrepreneurs pay back the loan, they post updates on the progress of their venture. Once they have repaid the loan, Kiva makes the funds re-available for investment, and the investor can then choose another micro-entrepreneur to support. Kiva’s story is fascinating, as are the stories of the micro-entrepreneurs posted on Kiva’s site, so I encourage you to take a look.

Class of ’10 alums, take note: currently, the following micro-entrepreneurs are being supported by your Kiva investments.

  • $200 has been loaned to Daniel Mungai Muteti, of Kingstone Nairobi, Kenya, a shop-owner. He is using the Kiva loan to increase his stock of flour, rice, and cooking fat.
  • $175 has been loaned to Suvderene Aleksandr, of Yaarmag, Mongolia, a hair salon operator. She is using the Kiva loan to purchase necessary supplies and materials.
  • $175 has been loaned to Tegshee Hand, of Bayanhongor, Mongolia, who runs a clothing sales business. She is using the Kiva loan to purchase more items to sell at the upcoming Tsaagan Sar, the Mongolian New Year.
  • $175 has been loaned to Mi Progreso De San Jose Group, a small community bank in Ayacucho, Peru, that provides small loans, business training, and support for  its members. Group members will use the loan to purchase supplies for their food business.

We’ll keep you updated from time to time with posts on the micro-entrepreneurs’ progress along with information on new loans that are made with the Class of ’10’s gift.

Thank you for setting such a terrific example for the rest of the Conserve community, Class of ’10. We applaud your decision to support small entrepreuners around the world!

Mary Anna

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Responses

  1. Just a note: while the story is about the Class of ’09 and carries a picture labeled similarly, both are incorrect. The Class of ’10 was the one that decided to donate through Kiva, and is also the class in the picture. I strongly recommend that this error be corrected.

    • My apologies to the Class of “10, and thank you, Bill, for catching that error right away. I had the right class in mind — hence the correct people in the photo — I just flubbed the date. Your senior year was ’09-’10, but it was indeed ’10 when all of you graduated! You’d think I could remember the date of my own son’s graduation.

      Thanks again, Bill, and I’m glad to know you’re keeping up with the blog.

      Mary Anna


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