Peer to Peer Lending Model:
Kiva and Uganda
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- What is the average amount of money people live on per day?
- What is the main job of most people?
- How does Grace support herself?
- How did Grace change her peanut butter production?
- What allowed her to do this?
- How did Grace arrange her loan?
- How did Nathan find her?
- How many people is Amos supporting? How did he end up with so many?
- What are his industries?
- What is the purpose of Life in Africa?
- How are “people” better than “banks” when making micro loans?
- What role does Moses from Uganda play in the loan process?
- About how much money are the loans for? About how long does it take to repay the loans?
- Why are cell phones a more reliable method of communicating than computers?
- What is the loan repayment rate (so far)?
- How do successful businesses affect the community?
Video guide for Frontline/World – Uganda: A Little Goes a Long Way
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- What is the average amount of money people live on per day? 1
- What is the main job of most people? Breaking rocks - quarry
- How does Grace support herself? Making peanut butter
- How did Grace change her peanut butter production? Update production methods
- What allowed her to do this? microloan
- How did Grace arrange her loan? Through an internet site -
- How did Nathan find her? Internet site - kiva
- How many people is Amos supporting? How did he end up with so many? 20, brothers died of AIDS
- What are his industries? Furniture and bricks
- What is the purpose of Life in Africa? Community approach to approving loans
- How are “people” better than “banks” when making micro loans? People – emotional and lower overhead
- What role does Moses from Uganda play in the loan process? Local expert/contact person
- About how much money are the loans for? About how long does it take to repay the loans? $100 -500 usually within the year
- Why are cell phones a more reliable method of communicating than computers? Little electricity
- What is the loan repayment rate (so far)?
- How do successful businesses affect the community? Building new houses