June 8, 2011 Fire Mountain Loan Keeps Working
by June Butler
Several years ago Fire Mountain Chapter raised $500 at an MLK celebration. The money was sent to KIVA. KIVA is a non-profit organization with a mission to connect people through lending to alleviate poverty. Leveraging the internet and a worldwide network of microfinance institutions, KIVA lets individuals lend as little as $25 to help create opportunity around the world. In their most recent report they have indicated that the original money we sent in has been loaned, repaid and re-loaned so that we have just given our 28th loan. The newest loan of $50 is to a group of 11 women in Mexico who are involved in food production and sales. They expect to pay the loan back in 6 months. For more information about the KIVA program see www.kiva.org.
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- Posted under 2011 June/August (Vol. 31 No. 3)
