Just an update to inform the WolfBridge community that our first Kiva loan to Zareena in Pakistan has now been fully funded. We contributed $25 out of the $925 she needed to buy a buffalo. Zareena will now add a milk-selling sector to her animal-raising business. We are hoping that she will become profitable enough to be able to keep her oldest child in school, and place her three younger children in school when they become of age.
Zareena will start paying back her loan in November, 2011. We will receive a little over $2 per month until the loan is repaid. Then, we will be able to re-lend this money to another entrepreneur.
We still have $75 in our account, which is enough to make three more loans. Stay tuned!