Foodie Friends – August Update

The Foodie Friends team has continued its mission of empowering fellow foodies to improve their lives .  Here’s what has happened:

• Foodie Friends made a loan to Nancy Kaku in Sudan.  Nancy runs a fresh fish stall in a local market.  The loan was needed to purchase her own boat and nets.
• Lex joined the Foodie Friends team.
• Nancy Kaku has repaid 8% of her loan.  There are 12 more months left on the loan term.
• Foodie Friends made a loan to Maria Cristina Yupanqui Chambilla in Peru.  Maria is a street vendor selling prepared foods.  She also does small scale catering.  The loan was needed to purchase supplies (potatoes, rice, meat, oil & fuel) at lower wholesale prices.  This is Maria’s second Kiva loan; the first was repaid in full.

You can learn more about micro-finance at Kiva.org.  Check back next month to see what we are doing!

**The Foodie Friends team is called Cooking for Kiva as of June 2010