Silflay Hraka

This month’s loan recipient, chosen as always by Ngnat; Nuru Furaha Mgumi of Dar Es Salaam, Tanzania.

Nuru is is 28 years old and is married with 2 children, ages 12 and 9. Nuru sells food items in the market. She started her business in 2004. Everyday, she works from 6am to 7pm at her business. She can earn a monthly profit of about $40 from her sales.

She now hopes for a loan to buy more items for her business. She will share this loan with her subgroup members, who have businesses dealing in food vending, charcoal sales and market sales.

Ngnat sticks with Africa, choosing a lady from Togo for this month’s kiva loan; Adjo Adjovi.

Ms. Adzo Adjovi is a 34-year-old married woman with 2 children who are both enrolled in school. Adzo owns a shop located in the central market Adéta, a medium-sized town about 150 kilometers away from Lomé, the capital of Togo. Here, Adzo sells many sizes and varieties of plates, pots and pans. She has been in this business for several years and would like to diversify her inventory to include kitchen utensils. With her loan, Adzo would like to buy silverware, ladles, large spoons and other kitchen utensils to increase the size of her business and attract more customers. The profits that this growth will bring will enable Adzo to continue to send her children to school and to provide for her family.

I should get a world map and pins for Ngnat to show where her loans are going to.

Ngnat chose Nabie Kamara for this month’s loan.

Every month, Ngnat lends $25 to a third-world entrepreneur. This month’s recipient was Fasat Akinrinade, from Lagos in Nigeria.

From Kiva:

You can go to Kiva’s website and lend to someone in the developing world who needs a loan for their business - like raising goats, selling vegetables at market or making bricks. Each loan has a picture of the entrepreneur, a description of their business and how they plan to use the loan so you know exactly how your money is being spent - and you get updates letting you know how the entrepreneur is going. The best part is, when the entrepreneur pays back their loan you get your money back - and Kiva’s loans are managed by microfinance institutions on the ground who have a lot of experience doing this, so you can trust that your money is being handled responsibly.

I just made a loan to an entrepreneur named Fasat Akinrinade in Nigeria. They still need another $100.00 to complete their loan request of $450.00 (you can loan as little as $25.00!). Help me get this entrepreneur off the ground by clicking on the link below to make a loan to Fasat Akinrinade too:

Make a Loan to Fasat

It’s finally easy to actually do something about poverty - using Kiva I know exactly who my money is loaned to and what they’re using it for. And most of all, I know that I’m helping them build a sustainable business that will provide income to feed, clothe, house and educate their family long after my loan is paid back.

Join me in changing the world - one loan at a time.

Thanks!