So far in my Summer Project posts, we've gotten a quick overview of Kiva, a micro-lending website that allows individuals to connect with entrepreneurs in need of financing in the developing world, and we've learned a bit about how microfinancing works. Now I'd like us to find out more about 4 of these real entrepreneurs (My husband Glen and I have made Kiva loans to each of them, which is how I know about them.) from 4 different developing nations, find out how they are using their loans, and learn more about why their countries are considered developing nations. If you choose to respond to this post, you may choose one of the 4 entrepreneurs and read about him or her in the appropriate link below. Next, go to the CIA's World Fact Book website (links are below) for the country of the entrepreneur you chose and read about that country. Then respond to both of the following prompts in your post:
What characteristics of the nation you read about qualifies it as a developing nation? What obstacles does this nation face? What promising features does it have that could help to propel it into a more economically prosperous future?
Comment on one or more of the following for the entrepreneur's profile you chose: the loan amount, the delinquency rate of the field partner (the microfinance institution that distributes the money loaned and receives repayment from the entrepreneurs to which it distributes money), the people who have loaned money online through Kiva to the entrepreneur you chose, background of the entrepreneur, or anything else you see that interests you on the profile page.
Kiva Entrepreneur Mulkadar Abbasov:
Nation of Azerbaijan:
Kiva Entrepreneur Fatuma Furaha:
Nation of Tanzania:
Kiva Entrepreneur Luisa Ivania Espinoza:
Nation of Nicaragua:
Kiva Entrepreneur Abu Samura:
Nation of Sierra Leone:
If you need a quick refresher course on what Kiva does, click here.