Kiva Lending Team: Loyola Microfinance Cooperative
We loan because...
The Loyola University Maryland: Microfinance Club hopes to promote and engage in direct investment in entrepreneurs and businesses in need of crucial loans to better their own lives. Our object is to be productive member of a movement to fashion a world in which as many materially poor and near-poor households as possible have permanent access to an appropriate range of high quality financial services, including not just credit, but also savings, insurance, and fund transfers.
We also seek to create an environment of cooperation on campus in which students, faculty and staff become more educated on issues affecting marginalized people around our world as part of the Jesuit mission of being women and men for and with others.
We are a group of college students interested in sharing our resources for the good of people around the world.
Location: Baltimore, Maryland, USA
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Evelyn received a loan from LMC to buy additional stocks to sell like soap, shampoo, canned goods, eggs, noodles, etc.
Carmen Lorena received a loan from Peter to repay a debt that she has in another institution and also to buy more merchandise like skirts, blouses, and undergarments.
José Antonio received a loan from Peter to purchase a case of silk thread to keep weaving hammocks, and to purchase manure, herbicides and pesticides for his corn and bean crops.
Marcos Eusebio received a loan from Peter to buy construction materials, such as ceramics, cement, bonding materials and others.
Adiatu received a loan from Brendan to purchase more bags of rice, sugar, cooking oil, soft drinks, and beer.
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