Thursday, December 14, 2017

December 2017 Recap

On December 14th, Consuelo, Bill, Nancy, Pat, and Katy dispersed loans of $950 using our Kiva credit and gift cards. We made loans to 18 people in Cambodia, Philippines, Palestine, Tajikistan, Vietnam, Pakistan, Guatemala, El Salvador, the United States, Uganda, Peru, and Bolivia. The loans were for education, water filters, toilets, food production and sales, repair shops, farm animals and supplies, and sewing supplies.

In November, we discussed with Chuck Sparks the fact that we now have enough money coming to us in our loan paybacks that we no longer need new funds from the members of the Wellshire community. We asked Chuck to direct those dollars back to the Global Missions Committee and specifically the two medical clinics that Wellshire is helping build in Zimbabwe.

In 2017, the Kiva Microfinance Committee made 151 loans of $7529. The general Wellshire Kiva group made $18,575 in loans in 2017.

In 2018, Katy will turn over the chairmanship of the Microfinance committee to Curtis Roe. It continues to be a pleasure to serve on this committee.

Thursday, February 2, 2017

January 2017 Recap

On January 26, Curtis, Wes, Bob, Nancy, Pat and Katy met and reinvested $1,000 in loans. We made 20 loans to people in 14 countries, from Zimbabwe to Albania to Jordan to Nicaragua. One loan that was close to expiring was refunded, Katy went in and found another loan that was similar and funded it after the meeting.

At the meeting, Katy gave out some numbers from our lending activities in 2016. The committee made 139 loans totaling $7,250 in 50 countries. We discussed that while our account is well funded, the current political climate means our lending activity will likely become even more important as aid resources are pulled back. We encourage everyone to check in with their personal accounts and keep those payback dollars working.

Katy proposed that we move the March meeting to the 23rd to avoid being too early for our paybacks to have been credited to our account.