Backpacking Teacher

Travel, teaching and things in between. Saigon is the focus for now.

Micro-credit and why I donate to Kiva

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 kiva 1.jpg

I don’t know these ladies above from the proverbial bar of soap. I have however lent them some money.

I’ve only lent them a small amount, $25 to be precise but then again the five of them are only looking to raise just over $1,000. Note that I haven’t donated the money just merely loaned it out. When they pay it back I’ll loan the money out to someone else. Welcome to micro-credit a way of lending small amounts of money to people who will use it to pull themselves out of poverty and into self sufficiency.

Now normally small entrepreneurs such as these would be unable to lend money from banks because of the small sums involved. With the help of KIva people such as myself can now assist those who would like to make their lives better for themselves and their families. Micro-credit itself isn’t new and it’s modern day resurgence can be traced back to the Grameen bank in Bangladesh. What is new is the non-profit web based organisation Kiva and how it acts as a conduit between people who would like to help out and those who need the cash.

So far I’ve loaned money to four groups/individuals. No-one has defaulted and as the money comes back in I loan it out again. I don’t consider it charity but more a way of giving someone a leg up in this world.

This is why the group of ladies above have borrowed money from me and others like me.

Mrs. Vu Thi Hien (ID Number 23060006), born in 1971, would like to borrow 4,452,000VND to invest in rearing pigs. Even though she is a teacher, she still performs agricultural tasks with her husband. Besides teaching in school, she rears pigs to increase her family’s income and raise her two children who are still going to school. He family’s average monthly income is about 3,500,000VND (about 219USD). Her group also consists of:

  • Mrs. Dao Thi Mai (ID Number 23060007), born in 1966, borrows 4,452,000VND to invest in raising livestock. She is also a teacher. Her family’s average monthly income is about 2,500,000VND (about 156USD).
  • Mrs. Le Thi Lien (ID Number 23060009), born in 1964, borrows 4,452,000VND to invest in rearing pigs and chickens.
  • Mrs. Dao Thi Ly (ID Number 23060011), born in 1977, borrows 4,028,000VND to sell electrical goods.
  • Mrs. Nguyen Thi Thao (ID Number 23060033), born in 1980, borrows 2,204,000VND to invest in rearing pigs. 
  • Translated from Vietnamese by Yen Thanh Pham, Kiva Volunteer

  • Vũ Thị Hiến, sinh năm 1971 (Ms 23060006), tham gia vay vốn ở mức: 4.452.000 vnđ để đầu tư chăn nuôi lợn. Là một giáo viên nhưng chị vẫn tăng ra sản xuất cùng chồng. Ngoài công việc giảng dậy, chị vẫn chịu khó chăn nuôi thêm lợn để tăng thu nhập và nuôi hai con còn nhỏ đang độ tuổi đi học. Thu nhập bình quân của gia đình chị khoảng 3.500.000 vnđ/ tháng. Cùng vay vốn với chị còn có: Đào Thị Mai, sinh năm 1966 (Ms 23060007), tham gia vay vốn ở mức: 4.452.000 vnđ để đầu tư chăn nuôi. Chị là giáo viên thu nhập bình quân của gia đình chị khoảng 2.500.000 vnđ / tháng. Lê Thị Liên, sinh năm 1964(Ms 23060009), tham gia vay vốn ở mức: 4.452.000 vnđ để đầu tư chăn nuôi lợn, gà. Đào Thị Lý, sinh năm 1977(Ms 23060011), tham gia vay vốn ở mức: 4.028.000 vnđ để đầu tư cửa hàng cơ khí. Nguyễn Thị Thảo, sinh năm 1980(Ms 23060033), tham gia vay vốn ở mức: 2.204.000 vnđ để đầu tư chăn nuôi lợn.
  • PS. Mrs. Vu Thie Hien and friends still need some help to reach their targeted loan amount. To lend to them go directly to

    Here’s another lady I’ve loaned money out to. I don’t have a particular reason for who I lend out to except that I have a preference for countries I’ve lived in (Indonesia) or am going to (Vietnam).

    Want to know more? Go to


    Ni Komang Rani owns a small food kiosk in her front yard. The earnings from the kiosk is used to supplement her husband’s income. Her husband, Nengah Jasa, works as a truck driver in the Javanese route. Since her husband’s income is barely enough to cover daily living expenses, Rani started a kiosk with starting capital of $110. Rani stocks her kiosk with merchandises like snacks, foods, drinks and others. Rani opens her kiosk at 6 am and closes at 6pm. Each morning, Rani goes tot he market to purchase goods to be sold. She goes to the market at 5 am every day. The market is not too far from her home. She earns about $55 each day. Rani saves her earnings for later days. All her children has been married. She will use the loan from Dinari to purchase more goods varieties to be sold and expand her offering.

    Translated from Bahasa Indonesia by Kresna Hartandi, Kiva Volunteer

    Hidup dikota membuat Komang Rani membuka usaha warung didepan rumahnya. Untuk membantu suaminya , Nengah Jasa, yang bekerja sebagai sopir truk ke Jawa . Karena Penghasilannya sebagai sopir tidak mencukupi untuk kebutuhan ekonominya. Maka Rani membantu dengan membuka warung di rumahnya.Dengan modal awal Rp.1.000.000,- Rani melengkapi isi warungnya dengan bermacam-macam barang dagangan seperti makanan, minuman,sembako ,snak,dan lain-lain. Rani membuka warungnya pada pagi hari jam 6 pagi sampai sore jam 6 sore. Setiap pagi Rani juga pergi ke pasar untuk membeli keperluan dagangannya,sekitar pukul 5 pagi,karena rumahnya dekat dengan pasar negara. Keuntungan yang diperoleh sebesar Rp.50.000,- perhari, Rani bisa mempergunakan untuk memenuhi kebutuhannya sehari-hari ,karena kebutuhan sembako harganya sangat mahal sekarang ini,maka Rani juga harus bisa menabung untuk masa depannya,karena anak-anaknya sudah semua menikah dan tinggal bersama suaminya. Pinjaman yang diperoleh dari Dinari dipakai untuk menambah modal usahanya agar dagangannya semakin banyak dan berkembang.


    Written by backpackingteacher

    December 19, 2008 at 12:01 pm

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