Meet Carmen.

Carmen and her family live in Peru. Needing more money than she was already making, Carmen and her oldest daughter taught themselves how to make jewelry in order to sell their work around the city they live in. They work at home and travel to markets to find customers. Their earnings supplement other meager sources of income.
Carmen's goal for the future is to have a store from which to sell her work...and I think just about any crafty person has thought about that dream at one point or another. Sharing a store, owning a store, being able to decide, organize and make everything that goes into a store. It's not an uncommon dream, certainly.
But in Peru, with no savings and sporadic income, it's not a realistic dream. That's where I come in. And you. And anyone else who wants to help Carmen and her family.

I found Carmen through Kiva, an organization that connects lenders with the entrepreneurial working poor throughout the world. Borrowers assess their needs, find a field partner in their own country, and open themselves up to a world of possible lenders. After securing a loan, Kiva entrepreneurs begin to pay it back (usually over a period of 6-12 months).

Carmen's Kiva field partner is Microfinanzas PRISMA (MFP), a Peruvian NGO. Kiva lenders have funneled over $850,000 dollars to MFP borrowers since last summer. Of that money, 100% has been repaid to the lenders, meaning a default rate of 0.00%.
Carmen is asking to borrow $550. I have loaned her $25. Loaned, not donated. Carmen and the other Kiva entrepreneurs are not asking for charity, they are asking for the tools they need to help create sustainable economic and social development for themselves, their families and their communities. The wealth generated by women's labor improves the health, education and future of their children. Carmen will use part of this wealth to pay me, and her other Kiva lenders, back monthly over the next 6 months. I probably won't even notice that my $25 is back in my bank account, but it might help Carmen get her own shop...no small feat for someone living below the poverty line.
So, why did I choose to lend to Carmen? Look at her workspace, and think back to this Jericas Jewelry blog entry I made a few months back about my OWN workspace...
Where the magic happensThe answer should be obvious!
I'll be leaving this entry up for a bit longer than some, hoping a lot of you see it, and that Carmen's loan comes through as we're 'watching.' Kind of like the giant telethon tote boards of yore! Check out the counter I've added to the right hand of this entry. Check back to see if Carmen's entire loan comes through. And if you're motivated to become a lender, check out
Kiva.org.