Willamette Valley Bioscience Industry Consortium
Oregon's newest emerging cluster
The main touch point for microfinancing -- the consumer partnership.
The main touch point for microfinancing -- the consumer partnership.
http://optinnow.org/show/169
New (to me) is optINnow.org, a KIVA-like organization, operates much like KIVA, making micro loans to African women whose businesses support their families. The difference with KIVA. KIVA requires the "consent" of the village in order to make the loan. This is a social committment. OptINnow.org takes this a step further and within the village, a formal "partnership" of loan borrowers, and supporters form what we would call a limited liability partnership. The give, collectively, their personal guarantees that each loan made to their members will be repaid. This has has a very powerful economic effect on the whole village who make sure that each borrower's business is financially successful
Rather than "dog-eat-dog" competition model we have,, the coooperative model of Knowledge Trust Group of Tema, Ghana, should be used. We have much to lean from the decendants of our common ancestors. Here is a sample loan request.
Christiana Alimo
Name: Christiana Alimo
City: Tema
Country: Ghana
Activity: Charcoal sales
Loan Requested: $525
Loan Term: 32 weeks
Loan Use: To purchase bulk supply of charcoal.
Date Posted: November 04, 2008
$525 Requested
$50 Funded
$475 Still Needed
$ 25 50 75 100 200 300 400 475
Christiana is wife and mother of two children aged 17 and 9 years respectively. She is 30 years old and is a trader of charcoal in the neighborhood of Ashaiman, a suburb of Tema where she lives with her family. Charcoal is a very popular source of energy for cooking in many traditional Ghanaian homes obtained from burnt, fresh wooden logs. Through this trade, she has supported her first born to complete senior high school. Christiana obtains her supply of charcoal from the surrounding villages of Tema and retails them to her customers to support her family with income.
With the loan, she would like to purchase bulk supply of charcoal to serve her customers. She believes the loan would enable her to increase her savings and to provide the educational needs of her children.
Christiana is a member of a borrowing group called Knowledge Trust Group. In this group, members guarantee for one another as social collateral and provide support to one another to repay the loan.
Tracking
You can track loans you're interested in by Signing In or Registering!
http://optinnow.org/show/169
New (to me) is optINnow.org, a KIVA-like organization, operates much like KIVA, making micro loans to African women whose businesses support their families. The difference with KIVA. KIVA requires the "consent" of the village in order to make the loan. This is a social committment. OptINnow.org takes this a step further and within the village, a formal "partnership" of loan borrowers, and supporters form what we would call a limited liability partnership. The give, collectively, their personal guarantees that each loan made to their members will be repaid. This has has a very powerful economic effect on the whole village who make sure that each borrower's business is financially successful
Rather than "dog-eat-dog" competition model we have,, the coooperative model of Knowledge Trust Group of Tema, Ghana, should be used. We have much to lean from the decendants of our common ancestors. Here is a sample loan request.
Christiana Alimo
Name: Christiana Alimo
City: Tema
Country: Ghana
Activity: Charcoal sales
Loan Requested: $525
Loan Term: 32 weeks
Loan Use: To purchase bulk supply of charcoal.
Date Posted: November 04, 2008
$525 Requested
$50 Funded
$475 Still Needed
$ 25 50 75 100 200 300 400 475
Christiana is wife and mother of two children aged 17 and 9 years respectively. She is 30 years old and is a trader of charcoal in the neighborhood of Ashaiman, a suburb of Tema where she lives with her family. Charcoal is a very popular source of energy for cooking in many traditional Ghanaian homes obtained from burnt, fresh wooden logs. Through this trade, she has supported her first born to complete senior high school. Christiana obtains her supply of charcoal from the surrounding villages of Tema and retails them to her customers to support her family with income.
With the loan, she would like to purchase bulk supply of charcoal to serve her customers. She believes the loan would enable her to increase her savings and to provide the educational needs of her children.
Christiana is a member of a borrowing group called Knowledge Trust Group. In this group, members guarantee for one another as social collateral and provide support to one another to repay the loan.
Tracking
You can track loans you're interested in by Signing In or Registering!
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