That means our KIVA account, which currently has $207, has managed to fund $700 of loans (because as the money comes in we relend it).
Tracey chose to help Rose from Uganda stock her shop with sugar, salt, soap and cooking oil. We knew Tracey had found her loan when she got teary. Here's Rose's KIVA application:
"Rose lives in Kampala, Uganda. She is married and has eight children, four of whom are in school. She also takes care of additional family members (Old parents). Rose has a retail shop business. She has been in this business for 10 years and she works seven days out of every week. Rose sells her products in a shop, by means of retail. Rose has requested a loan of 1,500.000 Ugandan Shillings from MCDT SACCO, which she will use to buy more bags of sugar, cartons of salt, boxes of soap and jerrycans of cooking oil. The main business challenge(s) for Rose include thieves and transportation. Her goals and aspirations for her business are to start selling at wholesale and own a fully stocked shop. Rose lives in a home that she rents. She has access to electricity and piped water. Her major monthly expenses include school fees, rent and feeding the family."
Eight children plus looking after aged family members - we were never going past Rose.
"How do they do it?" Tracey asked me. "We think we struggle! We've got nothing to complain about."
It's so true. We love helping people out a little with our $25 loans each month. We love it even more if, as with this loan, it's entirely funded on repayments from our previous loans.