Microloan repayments and a Challenge

In a previous post about charity and microloans, I mentioned that I used Kiva to loan Peter Okalang $100 for his Encourage Beauty barber shop in Uganda.

Every so often I get an email that alerts me about a repayment; so far Peter has paid back $34 and is on track to pay back the entire loan amount. When the loan is repaid, I can loan it back to another applicant. According to Mike-Cannon Brookes, a fellow Kiva enthusiast, they have a repayment rate of around 96%.

I'd like to join Mike in offering a loan challenge; if you read this blog and decide to loan a little money via Kiva, email me the loan details and I'll join you in the loan.

Microloans: "Loans that change lives"