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.
Wellshire Church partners with KIVA, an international program committed to alleviating poverty and creating opportunity through interpersonal lending. Wellshire Microfinance is open to all, so please feel free to join and contribute! "... what does the Lord require of you but to do justice, and to love kindness, and to walk humbly with your God?" -- Micah 6:8
Monday, November 25, 2013
Monday, November 4, 2013
October 2013 Recap
This month, our members made 28 loans worth $700. We had some donors make multiple loans, which always makes our totals grow faster. Our cumulative totals through the end of October are 675 loans worth $17,450. Our members continue to invest regularly, including using up their loan paybacks.
Since the start of November, we have added 11 more loans which will be counted in the November totals. In addition, we will be able to invest our loan paybacks, which will add 10 - 12 more loans for November.
November is also the time for the Alternative Christmas Market. We hope to add new members at that time. If any of you would be willing to sit at our table for the ACM, please contact Wes Smits.
Thanks to everyone who participated in October. Your dedication to microfinance is so important to the success of our organization.
Since the start of November, we have added 11 more loans which will be counted in the November totals. In addition, we will be able to invest our loan paybacks, which will add 10 - 12 more loans for November.
November is also the time for the Alternative Christmas Market. We hope to add new members at that time. If any of you would be willing to sit at our table for the ACM, please contact Wes Smits.
Thanks to everyone who participated in October. Your dedication to microfinance is so important to the success of our organization.
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