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Thread: Kiva - Loans at coffee origin.

  1. #1
    CoffeeSnobs Owner Andy's Avatar
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    Kiva - Loans at coffee origin.

    Many CS'rs would have heard of Kiva and we have had discussions about their model over the past 10 years but never got started, well that has just changed.

    For those that don't know Kiva it's a clever way to crowd source funds for microfinance loans. The lenders are mostly "field partners" on the ground who are in rural and regional areas and understand the need and the risks. Typically these borrowers don't go close to meeting lending criteria of the traditional banks but about 95% of the people who have borrowed money do pay it back. They just need a loan to get going.

    When borrowers repay their loans the payments come back into the Kiva account and we can loan the same money again to someone else.

    We have decided that FairCrack can fund some loans at coffee origin. This should have a multiplier effect of the FairCrack goodness over time which will in turn reach many more people.

    We have just created an account and a "lending team" on Kiva so you can join the team to follow the progress of the projects. The specific loans that are provided via FairCrack will also appear in the FairCrack page (converted to AU$) along with a link to Kiva details.


    Team CoffeeSnobs FairCrack:
    https://www.kiva.org/team/coffeesnobs_faircrack

    The first couple of FairCrack Kiva loans have just been made.

    1: Hillary a coffee grower from Kantozi Kitagwenda in Uganda was loaned US$275 to purchase coffee from other local farmers for resale.


    2: Sheila from Tilya Women Group was loaned US$450 to purchase coffee seedlings to expand their crop in Eldma Ravine - Kenya



    Join the CoffeeSnobs FairCrack team and search for loans that will help people at coffee origin. If you want to suggest a particular loan then please post the link in this thread and we will have a look at it. Obviously not everything will be fully funded but we think that even with part funding many people could be helped to help themselves via FairCrack Kiva loans.
    Dimal, flynnaus, GrahamK and 11 others like this.

  2. #2
    Super Moderator Javaphile's Avatar
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    Another awesome FairCrack project! I see a huge potential for some great give back here.


    Java "Loan on!" phile
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  3. #3
    338
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    Great initiative!
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  4. #4
    Senior Member Lukemc's Avatar
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    Joined. Great idea Andy
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  5. #5
    Senior Member GrahamK's Avatar
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    I to have been providing Kiva loans to coffee farmers in Nicaragua for a few years now - works well, and after repayment I loan I out again. Small admin/processing fee each time only needed.

    GrahamK
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  6. #6
    CoffeeSnobs Owner Andy's Avatar
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    Nice one GrahamK, good on ya. We were a little slow to the party but we got there eventually.

    When I first looked at Kiva they were pimping it via MySpace and looked like they wouldn't see the year out. It was a very different looking organisation way back then. It's good to see how well they have adapted and evolved over time into a sustainable model with feedback in all directions.
    lakeman likes this.

  7. #7
    Senior Member matth3wh's Avatar
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    Kiva do excellent stuff. Will be interested to check out the link further tomorrow.
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  8. #8
    Super Moderator Javaphile's Avatar
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    I've been looking through the loans relating to coffee and this one jumped out at me. A young man just really starting his independent life who is getting into the coffee growing business. Below market interest and he must be doing something right as the local group considers him to be a relatively low risk. I'll toss it out there as a loan to consider making.

    https://www.kiva.org/lend/1284831


    Java "Go Delmer!" phile
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  9. #9
    CoffeeSnobs Owner Andy's Avatar
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    Good find Java.

    I think some of those "end of term repayment" loans might struggle to get funded but for farmers working their crop they only get paid at the end of season so end of term is a necessity... and something traditional banks would most likely baulk at too.

    FairCrack to the rescue!
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  10. #10
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    I'm impressed! Never heard of it but think it's a great thing to be part of. It would be pretty awesome to loan someone the funds to get started them have there beans in beanbay to buy
    Andy and lakeman like this.

  11. #11
    Senior Member matth3wh's Avatar
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    Having a look through... any thoughts/suggestions as all the one's listed above are fully funded.

    * https://www.kiva.org/lend/1291725 - Nic - crop maintenance
    * https://www.kiva.org/lend/1280372 - Guat - ag supplies, crop maintenance and labour
    * https://www.kiva.org/lend/1286025 - https://www.kiva.org/lend/1284979 - https://www.kiva.org/lend/1286026 - https://www.kiva.org/lend/1281096 - Honduras farm improvements / yield improvements

  12. #12
    CoffeeSnobs Owner Andy's Avatar
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    Quote Originally Posted by matth3wh View Post
    ...as all the one's listed above are fully funded.
    Yeah, that's because FairCrack funded them!

    https://www.kiva.org/lend/1291725 Funded Andres in Nicaragua
    https://www.kiva.org/lend/1280372 Funded Antonio in Guatemala
    https://www.kiva.org/lend/1286025 Funded Santos in Honduras
    https://www.kiva.org/lend/1284979 Funded Isauro in Honduras
    https://www.kiva.org/lend/1286026 Funded Juan in Honduras
    https://www.kiva.org/lend/1281096 Funded Jose in Honduras

    May their coffee trees grow tall, healthy and happy!
    (I'll update the FairCrack page over the weekend)

  13. #13
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    Fantastic. I've been a Kiva lender for 10 years after i got a gift certificate. I've relent that money and more 40 times.
    Andy and matth3wh like this.

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