Washing machine rental – Is your idea this good?

In September of last year I made a small loan to a lady in Columbia.  Although I don’t know Yaneris Canate Rios personally, she made an application for $1,125 through Kiva.org.  In Yaneris’ tiny community of El Milagro the ladies still all washed their clothes by hand.  She wanted to purchase 5 washing machines to rent to her neighbors.  I provided the last $50 to complete her loan.  Each month I would see tiny payments come on – averaging about $3.84 as a repayment on that loan. This morning I received a note from Kiva:  Success!! The loan was 100% … Read More