11th Kiva choice - Dative

Here is the choice of 11th hour for the Kiva funds:

http://www.kiva.org/app.php?page=businesses&action=about&id=153681

Dative wanted a loan to buy more items to sell at her store to increase profits. As of 3:00pm, she had 26% of her loan amount raised.

**Edit** As of 5:25pm on Thursday 11/19, Dative's loan was completely funded! I guess others liked her pink dress, too. :)

7/8th Hour - Walid!

Here is 7/8th hours' choice for the Kiva loan:





http://www.kiva.org/app.php?page=businesses&action=about&id=151796

Walid wanted money to buy supplies for his barbershop.

AND...as of 1:50pm, we've already received an email that his loan has been fully funded! Here's the email:

Dear FAHS Seniors EconomicsClass,
This is an update on your loan to Walid in Lebanon.Thanks to you and 38 other Kiva Lenders, the 1000.00 loan requested byWalid in Lebanon has been 100% funded. The loan will be used for thepurpose of: To purchase tools for his work.. Over the months of thisloan, Kiva’s Field Partner in Lebanon, Al Majmoua Lebanese Associationfor Development, will be collecting repayments from this entrepreneurand posting progress updates on the Kiva website.

Thanks for lending to the world's working poor on Kiva!
Best Wishes, Kiva Staff

4/5th Hour - Kiva Choice

http://www.kiva.org/app.php?page=businesses&action=about&id=153389

This is Ami Edra, the choice for 4/5th hour Econ for a microloan through Kiva. She wants to buy more corn while it is cheap, to keep and resell when it is more expensive - great choice for an econ class! :)

**Edit** As of 9:25am on Saturday 11/21, Ami Edra's loan was completely funded! Now, we'll wait to see if we get any updates. :)

3rd Hour - Mercy Imeh

http://www.kiva.org/app.php?page=businesses&action=about&id=153273 Here is the woman that 3rd hour chose to give a loan. Mercy wants to buy a refrigerator to keep sodas cold so they sell better!

**Edit** 11:25am -- Mercy already has her complete loan funded! :) Here's the email I received:

Dear FAHS Seniors EconomicsClass,

This is an update on your loan to Mercy Imeh in Nigeria.Thanks to you and 12 other Kiva Lenders, the 350.00 loan requested byMercy Imeh in Nigeria has been 100% funded. The loan will be used forthe purpose of: To buy a refrigerator . Over the months of this loan,Kiva’s Field Partner in Nigeria, Lift Above Poverty Organization(LAPO), will be collecting repayments from this entrepreneur and postingprogress updates on the Kiva website.

Thanks for lending to the world's working poor on Kiva!Best Wishes, Kiva Staff

New classes - new Kiva loans!

Updates will be posted here! :)

Update!

Looks like some not-so-great news from Kenya:


Dear FAHS Seniors EconomicsClass,

This is an update on your loan to Zachariah Mathenge Wambugu in Kenya.

Dear Kiva Lenders:

We would like to give you an update on your
loan(s) managed by Kiva's Field Partner PEMCI in Kenya.

As you may
know, the region in which entrepreneurs working with PEMCI live was
severely affected by the riots and civil unrest that took place in
Kenya earlier this year. Many, if not all, of PEMCI's entrepreneurs
were adversely affected by this event, and currently PEMCI has a very
high portfolio delinquency rate. Kiva staff have been in continual
contact with PEMCI's Executive Director, Margaret Karuri, to assess the
possible impact the civil disturbances may have on Kiva lender
loans.

PEMCI is making every effort to work with their clients to
fully understand their unique situations and how it has affected their
businesses and their ability to repay their loans. However, we do
expect that there may be situations where loans managed by PEMCI will
go into default, as clients (i) may be unable to be located, (ii)
clients' businesses may have been destroyed, and (iii) clients may have
otherwise suffered such extreme losses that their debt is causing them
unusual difficulties.

At this time we are providing PEMCI with
what support we can, and PEMCI is encouraged knowing that they have
supporters around the world in Kiva Lenders. Although we realize the
entire Kiva community is eager to help entrepreneurs in Kenya, we ask
that you please refrain from requesting to "forgive" your loan at this
time, because PEMCI will be evaluating each entrepreneur's status
individually and we would like to cooperate with PEMCI in following the
standard procedures to assess the situation. As the situation develops,
PEMCI will provide additional overall updates to lenders as they can;
however, we wish to convey the expectation that individual entrepreneur
updates will likely be difficult to obtain.

Thank you for supporting
Kiva Entrepreneurs through PEMCI.

Most Sincerely,
Kiva Staff

Additional notes from Kiva:

1. This update was posted from Kenya by Kiva's Field Partner, People
Microcredit Investment Bureau (PEMCI). If you appreciate this update,
please consider supporting another entrepreneur listed by this Field
Partner. You can view other fundraising loans of People Microcredit
Investment Bureau (PEMCI) here:

http://www.kiva.org/app.php?page=businesses&partner_id=27&status=fundRaising&sortBy=New%2Bto%2BOld&_te=j

We got an update on the loan you gave! :)



Dear FAHS Seniors EconomicsClass,

This is an update on your loan to Zachariah Mathenge Wambugu.

Thank you for your loan. It has been disbursed to Zachariah MathengeWambugu by People Microcredit Investment Bureau in Kenya. We are excited to watch this business grow.

Over the next 6 months, PeopleMicrocredit Investment Bureau will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.