Kiva’s Addictive Cycle: Invest, Repaid, Reinvest
On July 22, I got an email from Kiva saying, "...your loan to Karimbayli Mammadov
has been fully repaid...."
Who is Karimbayli? He's the 50 year old welder from Azerbaijan that I loaned money to about a year ago (see this post and this post). You can check out his business page on Kiva here.
I'm glad Karimbayli was able to repay his loan. It means his business is sustaining and, hopefully, growing. So, what am I going to do now that Karimbayli has repaid me the $25 that I lended to his total $1000 loan. I'm going to reinvest in another entrepreneur. Of course.
Last time, I invested in one of the least loaned to demographics: "Male", "Eastern Europe", "manufacturing". This time I'm going to reinvest the $25 in a completely different demographic: "Female", "Middle East", "retail".
And, the entrepreneur I chose is Joumana.
Here's her profile blurb on Kiva:
Joumana, 30 years old, is single and lives in Tripoli in the north of Lebanon.
Joumana's enthusiasm and willpower allowed her to defy the community as she opened a shop to sell painting materials, a business traditionally managed by men. She requests a loan of $1,200 so she can purchase more goods to sell. This will allow her to attract more clients by offering them a larger variety of products.
Joumana has been a micro-credit client of Al Majmoua for the past 4 years. She has always repaid her debts on time.
Are you caught in Kiva's addictive cycle? Holler your Kiva profile page in the comments. Find my lender page here.
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Matthew Flannery, Kiva’s founder and CEO, had an excellent post yesterday about why they don’t offer disintermediated loans like Prosper.com and the UK’s Ropa. Disintermediated...
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I pretend to have a real job [read: started my own company]. 
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