Well, my very first foray into international finance has finally come to an end. Natik, the cattle/sheep farmer in Azerbaijan has repaid his $800 loan. For the full details of the international bank of glen, click here.
As with the loan to the fuel seller in Afghanistan, the $25 I loaned is repaid into my account where I can reloan it to another business.
Kiva works great. My original $50 investment continues to get reloaned each time it is paid back, so it will now be the equivalent of $100 having gone to help people in developing countries!
If you haven't yet, check Kiva out, and consider getting involved.
Saturday, January 19
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