Some people do video games...I do MICRO FINANCING for small businesses of women entrepreneurs worldwide!

jomarieb.earth
Posted December 22, 2020 from United States

    There are many women worldwide that need a boost of capital in order to establish themselves with earning capability. The loan investment required is very small, but makes a big difference. Kiva.org is a worldwide collective joining funds together to make a difference. 

Some people have video games. I do micro financing. I really enjoy it, like it is a game. But it is certainly not a game. A moment hits me and I am ready to lend. First, I create my filters for criteria. My filters are Individual, Women, and I select a region and categories, which means country and business sector. I usually select Agriculture, Food or Clothing. These are very small businesses. Usually run from a home or a stand.  I do not fund education, medical, reconstruction or personal items of the human condition. I finance growth. I only fund very small businesses. I do not fund groups unless they are less than 5 women. And I study the terms of repayment before I lend. 3 years is too long. 6 months is unrealistic. 

The fun for me is selecting a borrower. She must have a clear photo that exudes self confidence, in her stature and her environment. I always select older women, with children without a husband. I select partially already funded borrowers, by at least 20% already funded by other Kiva lenders. So she already has a start in the process. I press the LEND button, and say a prayer. My prayer is that she will be 100% funded within 48 hours, or before her post time expires. My ladies always get funded 100% within 48 hours. I believe that my loan and prayer are a magnet for others to join in and bring her to her dream, which is 100% funded. I watch the funding bar move. I get excited as it moves closer to 100%. Usually when I wake up I'll check, and she's onboard, as part of my portfolio. Yay, Yippie!!!!

Periodically I check on my ladies progress. I call them my ladies because they are my world family.  We are in this together. And I feel like I am helping to care for them. They are my collective for the greater good. We work together.  Every tiny repayment adds up to a new opportunity for another sister.  That is the understanding. I see photos and read their stories. I watch the progress of the loans. I watch the success of the field partner who is in charge of the funds on both sides. I monitor their success as well. There are many moving parts.  I receive repayment according to a scheduled plan. And I select the new woman to be funded after I receive loan payments from other borrowers. So the money is always recycling. Because I have several women growing businesses that repay me simultaneously, I can reach out and make a loan to another woman in a shorter period of time. I always recycle the money. When I receive a "repaid 100%" post on any of my borrowers photos, I say a prayer of congratulations and a wish for continuous success in her life. 

Most of my borrowers repay according to their plan. Very few become delinquent, or end in default. Usually this is due to war and refugee hardship, etc. This pandemic surprisingly has not slowed down my repayments. But it has slowed down the amount of lending being done. The amount of my loans that ended in default are only 2.6% since 2012. My ladies repay and re-borrow because they have growth and commitment to themselves. They understand that the repayment is the opportunity for another sister to have a chance. And also for her to re-borrow so she can expand her business. That's the basis and the driving force. Women supporting women. Men are also a part of Kiva, but I concentrate of the Women's worldwide community. I have done 82 loans, (80 women, 2 men) in conjunction with an innumerable amount of other Kiva lenders, doing their part as well for the international community. 

How it works...I shop for a borrower. The rest of the world is shopping for borrowers as well. These are Zero interest loans.  We all shop in different time zones. Some of us are individuals, like me. Some of us are teams, large and small. All of the lenders select filters for criteria. We create our own criteria. Then a selection of borrowers appears according to the criteria. A photo, story, and the amount of loan they seek. And then the lenders select borrowers. All borrowers start at 0% at the time of their picture/story post. Their post is for 30 days. Whatever loans are submitted is theirs at the end of the post date. Of coarse everyone wants to receive 100% funding, but sometimes it doesn't happen for many reasons. Unrealistic goals is the main reason. But my picks always win.

Why do I do micro financing? I feel that my collective is the spirit for me to do well myself. Since they can do it, then so can I. It's about the power of the collective.  I encourage my collective borrowers by lending with a collective of lenders. The borrowing collective shows me the possibilities of what can happen with encouragement. It's truly a wonderful experience and sight to behold. It is a heartcall and a joy. My borrowers, my ladies, my sisters encourage me.

The old phrase goes, don't give a fish. Give a fishing pole, a means in which to catch the fish.

Countries & Territories I have lent to women entrepreneurs...on Kiva.org

Benin                  Ecuador        Kenya               Mexico                 Peru                   Sierra Leone        Vietnam

Bolivia                 Egypt            Kosovo              Mozambique       Philippines        Tanzania              Zimbabwe

Cambodia           Fiji                 Kyrgyzstan        Nicaragua            Rwanda             Timor-Leste

Colombia            Ghana           Lebanon           Pakistan               Samoa              Uganda

Congo (DRC)       Jordan           Mali                  Palestine              Senegal             United States

Worldwide Hugs...JoMarie

 

Comments 17

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Jill Langhus
Dec 23, 2020
Dec 23, 2020

Hi JoMarie,

How are you doing? That's lovely that you do this. Thanks for sharing about Kiva and what they do. I had forgotten about them.

Happy Holidays to you, dear! XX

jomarieb.earth
Dec 23, 2020
Dec 23, 2020

Hi Jill,
I have been on Kiva for 8 years. It's been fun, I must say.
Happy Holidays to you too my dear!!! Hugz...JoMarie

Jill Langhus
Dec 24, 2020
Dec 24, 2020

Very cool:-) Great job!

Yeah, I always thought it sounded like it would be rewarding.

Thank you! XX

Tamarack Verrall
Dec 23, 2020
Dec 23, 2020

Dear Jomarie,
This is tremendous, especially to know that you are here with us in World Pulse. I learned a lot from your story here. The world of finance is a world that I know little about, and you have described it so well. What you are doing is fantastic.

jomarieb.earth
Dec 23, 2020
Dec 23, 2020

Dearest Tam,
Once upon a time I knew nothing about microfinance. I saw a documentary on PBS about a microfinance gentleman in India. He brought the project to the USA. Both countries were successful. So I wanted to get involved. I found Kiva.org. It takes so little to do a lot. Baby steps create massive movements.
Happy Holidays! Massive hug...JoMarie

Tamarack Verrall
Dec 23, 2020
Dec 23, 2020

Dear Jomarie,
I love this, and am so glad to know about what you are doing and what is possible. A young woman secretary to a Govt official here in Canada many years ago was to type a letter cutting micro finance to women. She removed the "cut" message and the funding continued. I thought you would like this story.
Big hugs back,
Tam

jomarieb.earth
Dec 23, 2020
Dec 23, 2020

Dearest Tam,
Microfinancing is a loan, not a charitable donation. So no one should feel that "cut" is even within the realm of possibility. Great story and thanks for sharing it with me!

Nini Mappo
Dec 29, 2020
Dec 29, 2020

Dear Jomarie,
You are a drumful of brilliant ideas....fun ones, empowering ones, educational ones, entertaining ones, ones that shake you out of complacency....all sorts!
Kiva is a brilliant idea. I'd never heard of it, and to think of what your lending has accomplished in the lives of so many is incredible. Thank you for sharing this one. I'm now just coming back from Christmas, and hope that you had a good one!

jomarieb.earth
Dec 29, 2020
Dec 29, 2020

Hi Nini,
So glad you stopped by with your sprinkles of sparkle. I'm back from Christmas just now as well. It was great! Hope yours was too. As a tradition, I select a Kiva borrower for New Years. I'm excited. Thanks for your words of confidence and encouragement! Pass on the Kiva.org info to others. It's easy. And a little does a lot.
Hugs my dear...JoMarie

Karen Quiñones-Axalan
Dec 29, 2020
Dec 29, 2020

Hello, dear JoMarie,

This is my first time to know about Kiva. Imagine if you didn't join World Pulse, we won't know this at all! Wow, this is such a great way to extend help for women around the world. I love how you spread your light by lending money, it's teaching them how to fish instead of giving them fish.

Thank you for sharing this with us. I hope our World Pulse sisters who are in need of a little start-up loan can avail of this, too! Fun fact, I automatically love words that start with K.LOL.

So Kiva would be a great place to explore for me.

I'm so glad to meet you on World Pulse! You are such a marvelous woman!

jomarieb.earth
Dec 29, 2020
Dec 29, 2020

Hi Karen,
I'm so happy I am here to see these wonderful comments from my sisters. Please pass on the info to others. Some people make the minimum loan as a group effort. There are ways of making the impossible very possible.
Time for "Ks"... Karen is kind, knowledgeable and keen with key words of encouragement. She knows how to keep time on her videos, and always looks well kempt. Karen likes kidding around just a little bit, to kick off the seriousness of the subjects. She keeps in her heart hugs and kisses for her radiant viewers. Now Karen knows about Kiva.
Hugs...JoMarie

I treasure this so much! Thank you for being amazing, dear JoMarie! Hugs.

Adriana Leigh G.
Jan 03
Jan 03

Hi Marie yay! Great to hear of this, I have been on Kiva for years, this post of yours inspires me to lend with more intention, and some helpful criteria to consider for making loans with impact. Big hugs and gratitude from Montreal!
Adriana

jomarieb.earth
Jan 03
Jan 03

Hi Adriana,
So glad you stopped by. Getting involved in Kiva is rewarding. Don't do more than you comfortably can. But set an intention each time you login. Use the filters to your benefit. Go back to the classic site instead of the new one if it's more familiar and comfortable for you. Grab a cup of your favorite whatever, and change a life. And the magic begins.
Hugs...JoMarie

Adriana Leigh G.
Jan 04
Jan 04

Love this - setting the intention before logging on, I am moving towards this. Of late, I give to women in Georgia as I work there a lot (Georgia the country where I have worked a lot and holds my heart) and tend to give to single women like you. I love the cyclical renewal aspect of this microfinance program.
Hugs!
Adriana

Joshua Oyedele
Jan 04
Jan 04

Thanks for sharing this JoMarie. It so beautiful to know that and organization like this exist. Thanks for been a part of it

jomarieb.earth
Jan 05
Jan 05

Thanks for stopping by Joshua. It's a real joy to help women create better lives for themselves. But I receive encouragement from them just participating in the process.