Kabba is taking out another loan on Kiva

 

Kabba is taking out another loan on Kiva – OxygenWorldwide help third world people to grow their own businesses.ImageProxy
This is an update on ourr loan to Kabba in Sierra Leone.
We wanted to let you know that Kabba has another loan posted on Kiva! Here’s the description of their new loan:
This is 52-year-old Kabba. He is married, and has four children aged 23, 20, 16 and 14. He has one additional dependent, who lives with him and his wife. In 1997, Kabba established his muslim caps and beads business. He began his business to enable him to solve his domestic problem. His business is located in the city center and his main customers are Muslim men and women. Working 7 days a week and 10 hours a day, he earns about Le 650,000 every month from this business. He would like a loan in the amount of Le 4,000,000. Kabba has already received and successfully repaid three loans, and now requires a new loan in order to buy dozens of Muslims caps (Le 2,500,000) and dozens of Muslims beads (Le 1,500,000). He hopes that this loan shall increase his stock level and hence his additional income level. In the future, Kabba plans to complete his construction of his house, to educate his children and to rent a shop.
He thanks you for your support.
You can see Kabba’s new loan by visiting http://www.kiva.org/lend/593927?_te=rlnol.
The Association for Rural Development (ARD) is one of the leading microfinance institutions in Sierra Leone. Established in 1989, ARD has offered individual and group loans to support small-scale businesses across the country for two decades. You can learn more about ARD on its partner profile page, support the organization and its staff by joining the ARD lending team, or lend to another one of its borrowers currently raising funds on Kiva.
Additional notes from Kiva:
1. This update was posted from Sierra Leone by Kiva’s Field Partner, Association for Rural Development (ARD). If you appreciate this update, please consider supporting another entrepreneur listed by this Field Partner.
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Thanks for lending to the world’s working poor on Kiva!
Best Wishes,
The Kiva Team
Food for thought…
“Knowing that someone out there wishes the best for you is enough to give you drive to achieve your dream.” – Sammy, Kiva borrower in Kenya

 
 
 
 
 
 

Making a difference

Oxygen Worldwide helps Kiva make a difference
Oxygen Worldwide helps Kiva make a difference

 The main aim of Oxygen Worldwide is to help the world. We pride ourselves on what we do and how we can help people travel comfortably, seeing to their medical oxygen needs. That is why we support other organisations that, like us, want to make a difference. KIVA is another organisation proud of what they do to help people.
 So what do they do?
Well, the non-profit making group basically wants to give people a chance in life and a chance to shine. Led by 450 volunteers; KIVA offer out loans to families, individuals or even budding entrepreneurs so they can get a head-start in the business world, and why are they doing this? Simple, their grand-plan is to alleviate crippling poverty throughout the world by creating opportunities, and with $208 million loaned out across 59 countries since they were founded in 2005, it’s safe to say that KIVA are making a real difference.
Unlike pretty much every loan lending organisation in the world, KIVA is not your archetypal “loan shark,” far from it. They don’t make a penny from the deals. The short of it is that a loan can be made by anyone, and you can be safe in the knowledge that every penny goes to someone who really needs it. Any loans, or other funds raised through grants, corporate sponsors and foundations, are dealt with by microfinance institutions across five continents – there are 131 of these known as Field Partners. They are the crucial cog as they can pass on a loan to people who don’t have access to a traditional banking system. Once administered by the field partner, the money is released and ready to make a real difference. Not one penny has been lost. KIVA is funded primarily through the support of lenders making optional donations so the deprived amongst us in the world do not miss out.
Oxygen Worldwide are proud supporters of KIVA as they have touched the lives of so many people. We are in the same industry of “making a difference to others”, so for us; the link-up makes perfect sense.
For more information on the ways and means of KIVA please visit www.kiva.org.