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Monday, November 25, 2013

Recap of November 2013 meeting

At our regularly scheduled meeting this past Thursday, our group was able to make 21 new loans. Ten of the loans were made using loan paybacks. Eleven loans were made using two recent generous donations. We are grateful to the two people who contributed the funds. The extra loans we were able to make put our cumulative total over 700 loans.

We received notice on Friday that loans to the Philippines will probably show on our accounts as delinquent because many of the loan recipients were totally wiped out and the Field Partner has no way to communicate with Kiva. I think it's likely that loans to the Philippines will go into default. Fortunately, we don't have many loans outstanding in the Philippines. You may want to check your portfolio to see if you have any loans there. We simply had no way of predicting that this would happen. Natural disasters of this magnitude affect every area of life. Pray for those affected by this horrible tragedy.

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