Jamila's group seems like the perfect candidates for the loan because they are honest people who not only love their business, but also have their customers best interest in mind. Both Jamila and her husband put passion into their businesses and that's why their clients return. This constant flow of business shows that Jamila and her group would be financially able to pay back the loan. With the increase in business the loan can provide, Jamila should be able to work her way out of poverty and eliminate her need for future loans.
Jamila's loan is administered by Asasah, a partner of Save the Children. This field partner meets all standards required for partnership with Kiva. Social performance is something used by Kiva in partnering with organizations that work hard to create positive outcomes for the communities they serve. For this particular loan, Asasah's social performance strengths are anti-poverty focus, vulnerable group focus, family and community empowerment, entrepreneurial support, facilitation of savings, and innovation. Not only should these performance strengths prove to help Jamila in her fight against poverty, but they will also teach her and her community ways to save better, stand up for themselves, support their own businesses they started, and learn ways to make the best of situations by doing what they can with what they have.
Another plus to this loan is that 0.00% of Asasah's loans are at risk and the currency exchange loss rate is also 0.00%. This is another factor proving that donors will receive their money back through the payment system. Over the 13 month repayment term, I believe that Jamila and her group will successfully pay back the loan and be one step closer to breaking free from poverty. Because this is a group loan, Jamila and her fellow group members will be able to support one another in repaying their share. In working to support her family, Jamila can feel a sense of self worth by providing her husband with the vegetables he needs for his business. She can finally feel more equal when it comes to financial issues.
Kiva is an organization that uses the power of microfinance to help people of low-income free themselves from the chains of poverty. To learn more about Jamila's story and visit Kiva's informative website, click this live link provided: http://www.kiva.org/lend/385142. Maybe you too will be inspired to lend a hand across the globe. A little buck can go a long way.
Jamila (in blue) and the rest of her group members.
Your title reeled me in like a fish to a lure. I thought your argument was well articulated. Since I was in the Middle East, I can relate to people who are in need from Pakistan. I actually came into contact with a lot of Pakistanis while I was in Saudi Arabia and had Pakistani colleagues who were teachers or human resource personnel. I am not sure, though, that you can prove that Jamila is an honest woman. I was hoping for more clearcut evidence or reasoning to make my decision.
ReplyDeleteCarly,
ReplyDeleteThis blog put my blog to shame. You really spoke out for these women and you really did your research. I think you are like me when it comes to really understanding that these women want to do more than take money. They actually want to do something with the money that can potentially help them in their future. If I had to have chosen who to give the money to your group definitely would have been one of them.
--Taylor Carlson
This was awesome! Your title is very captivating, and your blog post really demonstrates the power of microfinance. The only criticism I have of your post is that you may want to reconsider your structure, as I was sort of overwhelmed by the "big wall of text." Overall though I really enjoyed it!
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