Friday, April 27, 2007

Our First Portfolio of Loans

Today represents a major milestone as the Microlumbia Fund has channeled money for the first time into actual entrepreneurs in the developing world. We have started with a modest $500 in Kiva's website but we expect that quantity to grow and grow.
So far we have lent money to a doctor in Kenya, a Dresser in Afghanistan, a Cosmetics Salesperson in Cambodia, a Grocery Store owner in Azerbaijan and a Retailer in Kenya. We're also making progress in other fronts but it is still too early, hopefully we will report on that sometime soon!