Mindblank! Recently I have been at a loss for words, and haven’t felt so compelled
to share anything on the blog. Instead I decided to focus my efforts on producing
a video of my time in the field as a Kiva fellow. One of the most amazing parts of
being a Kiva fellow is the beautiful meetings you have with microfinance clients.
In these sessions you have the opportunity to chat with borrowers about anything
and everything. At the end of an interview we all commonly ask borrowers what are
their hopes and dreams for the future.
This video compiles footage of 6 months as a kiva fellow in the Philippines and Uganda,
interviewing over 50 microfinance clients. Each business was different, but the purpose
of these businesses were often the same. All of these clients were happy that with
their loan, and increased business profits, they could send their children to school,
to support their family, and to improve their living. To many this is a massive
3 6 February 2011, Uganda
In this way microfinance is not only empowering individuals from the developing world,
but also giving their children the opportunity to dream, and to think big. I believe
the real benefits of microfinance will be seen in future generations of children
who were educated from the proceeds of these microloans.
The microfinance industry is often under scrutiny, and the economics have a way of
turning a seemingly simple concept into a complex one. I believe beneath this scrutiny
and apparent complexity it is important to remember the heart of microfinance. Why
it happens. Why the need for capital started in the first place. Why people aspire
to improve their business. Beneath interest rates, repayments, foreign exchange fluctuations,
microfinance institutes, and so on, the heart of the matter is this…..