Tuesday, March 25, 2014

March 2014 Recap

On Thursday, March 20, we were able to invest a sizable amount of our restricted fund from donations. We made 18 loans (approx. $500). In addition, we made 6 loans from our loan paybacks. Curtis and I had to reassign seven loans on Friday because of problems with PayPal. PayPal did not let Kiva know what the $500 was to be used for, so Kiva assigned it to our credit account. Fortunately, 11 of our loans were still available, but we had to make substitutions for seven of our loans. We chose loans very similar to the ones we couldn't retrieve.

The 24 loans we were able to make pushed our cumulative total to 906 loans worth $23,625. Alleluia! We are on pace for another very good month.

Monday, March 3, 2014

February Finishes Strong

Despite being the shortest month, February produced outstanding results for Wellshire Microfinance. Our group made 59 loans worth $1,625. We had investments made by a large number of our members. Our cumulative totals are now 866 loans worth $22,650. It's very gratifying to see that commitment to microfinance remains strong.

The prospects for March also look positive. We've already received word of six loans made by Club 45, our fourth and fifth grade group. Since February, 2012, Club 45 has made 26 loans under the direction of Holly Inglis and Dan Zuchegno. That's terrific!

In March, Wellshire Microfinance will concentrate on investing the donations in our restricted fund. Our next meeting will be on March 20 at 12:00 pm. We hope to see you there.

When we read about so much unrest in our world, it's good to know that we can do something positive to help the poor around the globe.