Posts filed under ‘KF18 (Kiva Fellows 18th Class)’

0% Interest student loans! YSBS – Indonesia

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Dewi, pictured here in her grandmother’s shop, is studying accounting but wants to be a novelist. I say do BOTH!

Amazing things are happening at Yayasan Sosial Bina Sejahtera (YSBS,) a very new member to the Kiva partner family. First, I’ll give you a little background on the organization.  YSBS has been around since 1976, and their main activity is assistance to educate young people at all levels and ages.  They believe that education is a major key to lifting future generations out of poverty.  Kiva is instrumental in allowing YSBS to expand their Vocational School loan program allowing students who most likely would have dropped out of school, to stay in and get better jobs after graduation.

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Arda is on the bike with me, the tall white guy, with Titiek on her own bike.

The founder of YSBS, Father Charlie, is an older, but very energetic, Irish priest who has dedicated his life to working with the people of Cilicap for almost 40 years!  Speaking with him is nothing short of inspirational, and seeing the fruits of his labour is truly humbling.

This program that YSBS wants to expand – with Kiva’s help – is Vocational School student loans.  Father Charlie has data showing that currently 30,000 students finish Junior High, but only 14,000 of those finish Senior High in the local, Cilacap area.  And sadly, it is the small fees for education that keep these 16,000 students out of a chance for a better paying job and a hand up out of poverty.

How it works is that a loan for one of these students is posted to the Kiva website and when funded the money gets sent to YSBS.  But, YSBS has designed a system that allows the student to pay 0% interest.  The full amount of 11,000,000 IDR (about $1,175 USD) goes to pay for 3 years of uniforms, tests, books and school fees in every form.  This 11,000,000 IDR pays for school fees and the interest earned (right now secured at 8%!) goes to repaying the loan back for the student.  The money is working for the student to assist them in paying back to full loan amount!

We are still ironing out all the intricacies of this system but at YSBS it is clear that the ultimate benefit to the student is paramount.  Currently there are no loans fundraising for YSBS but stay tuned for more loans from this exciting new partner!

Jon Hiebert is a 3rd term Kiva fellow who has worked with Kiva in Mongolia, Uganda and now in Indonesia.  YSBS is the current organization he is assisting, where the staff is so friendly and passionate about what they do.  When he’s not working, you may see him on his quest to find the best Gado-Gado in town! (traditional Indonesian dish of steamed veggies and white bean hashbrowns smothered in peanut sauce.) 

11 December 2012 at 08:00 1 comment

VIDEO – Kiva loans to sick ex-sugarcane workers in Nicaragua

by Luan Nio | KF18 Nicaragua | KF19 San Diego, USA

It’s November and the sugar cane cutting season has started in Nicaragua.

Even though I am back in my comfortable home in the US, I can’t stop thinking about the men all over Centroamerica who are now working the fields. They know they will develop Chronic Kidney Disease one day or another, often leading to dialysis, kidney transplantation and sometimes death. Yet the poverty level and scarce job opportunities in their region leave them with no other choice.

Read about it in a previous post I wrote About Nicaragua beer and rum – brought to you by Kiva clients.

Kiva now facilitates loans to these sick cane workers and the families they have left behind. You can lend to an ex-cane worker in Nicaragua here.

25 November 2012 at 21:24

My Week with Premal – Kiva’s President visiting borrowers and partners in Nicaragua

Luan Nio | KF18 | Nicaragua

He is named Global Young Leader by the World Economic Forum and is on the Fortune’s 40 under 40 list for the most influential people under the age of 40.
It is easy to become impressed, maybe intimidated by a person that holds such accolades. But Premal Shah, president of Kiva, is the last person to become intimidated by. However, impressed? Yes, highly. And he was coming my way to Nicaragua.

Premal Shah’s lender page on Kiva. Note that he made over 300 loans.

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24 September 2012 at 20:46 2 comments

Technology in the Field: the Future of Microfinance

Varick Schwartz | KF18 | Kenya

Kiva profile photo from mobile app

When I applied to the Kiva Fellows program, I knew I’d be spending some time ‘in the field’, but I didn’t know I’d be out there transmitting Kiva profile information from a mobile tablet to Google’s Open Data Kit (ODK) platform!  After writing an automated survey interface and configuring the Android device, next I was on the farm with a loan officer collecting borrower responses, which were uploaded straight to the internet, Kiva photo included. Well done Juhudi Kilimo (my assigned MFI) for the foresight and motivation to put this in play, well done Kenya for providing the comprehensive mobile platform and welcome to the future of microfinance! (more…)

12 September 2012 at 08:00 6 comments

Silicon Valley’s got nothing on Yaoundé

Raphael Ferry | KF18 | Cameroon

I’m not thinking in terms of number of patent filings, amount of venture funding, or angel investors by square foot (or meter), but on many other metrics, Yaoundé, Cameroon far outpaces the more obvious entrepreneurial hubs of London, Tel Aviv, Singapore, and Silicon Valley. Everyone here is an entrepreneur. That spirit is palpable. From papaya sellers, to cell phone credit merchants, to self-proclaimed podiatrists selling shoes, the streets of Cameroun’s capital are swarmed with people dealing in every product you can imagine.

The diversity of enterprises is impressive. You’ll find jeans, q-tips, phones, tomatoes, ties, boiled peanuts, soccer cleats, and grilled corn all on one block. And every seller is somehow creating value. From purchasing ginger in bulk to sell individually to preparing and grilling fish (a delicious meal but with obvious risks for delicate expats), these entrepreneurs are doing everything they can to provide for their families. It’s in busy streets like these that microfinance still has tremendous potential.

Outside ACEP Cameroun's downtown office on Avenue Kennedy

Outside ACEP Cameroun’s downtown office on Avenue Kennedy, Yaoundé

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6 September 2012 at 11:36 1 comment

About Nicaraguan beer and rum – brought to you by Kiva clients

By Luan Nio | KF18 | Nicaragua

One of the first things I always do when I arrive in a new country is trying out the local beer. Toña is a nice fresh beer and light to drink, but I like to spice it up as a Michelada, the Bloody Mary version of beer.

Toña – the local beer in Nicaragua

The local rum is truly delicious. The most famous brand is Flor de Caña and is best drunk pure with ice. It is also very common to order a bottle, a bucket of ice, lemon, salt and a gaseosa of choice and build your own cocktails at your table.

Build-your-own Flor de Caña cocktails at your table with a bucket of ice, lemon and salt. All of this for less than $10.

At the end of this blog post I will give you the recipes for Toña Michelada and Macua, my favorite Nica drinks. But let me first take you to the place where these drinks are produced, namely the oven of Nicaragua: the sugarcane fields in the west around the village of Chichigalpa.

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3 September 2012 at 08:00 4 comments

Credit Scoring in Kenya: observations and comparisons from the field

Varick Schwartz | KF18 | Kenya

My Fellowship workplan has been focused a little more on the technical side of things, with more application programming and appraisal analysis than borrower verifications. From such projects, and also because I come from a banking, lending and risk management background, it seems fitting to at least put forth some observations regarding the use of credit scores across the Kenya micro landscape. However, the way we approach credit scoring in the USA is almost opposite from current practices here, where aggregated financial data at the individual level could still be years away. (more…)

30 August 2012 at 09:00 2 comments

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