4/30/08

Kiva loan update: third payment on time

Like clockwork, another payment of $113 was posted on our microloan to Zaituni Mudoobi and her catering group in Kireka, Uganda.

The loan is now 25% paid off, right on time. Guess I shouldn't be surprised. The Kiva field partner for this loan, BRAC Uganda, has only been working with Kiva for 4 months, but is already helping 747 entrepreneurs and has a 0% delinquency rate.

For background, here's my original post about the Kiva microloan service.

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