A Helping Hand My Loan Recipient Essay - 766 Words

Liya Banda is the loan recipient I helped fund from Lusaka, Zambia. Her story stood out to me because there was not much progress made on her loan. She was far from her goal with only 10% progress made. At the time I picked her, there was a glitch on FINCA’s website and I wasn’t even able to read her full biography. I decided to fund her loan anyways because I trusted that she could use the help. Her story was on the last page of the website, her loan wasn’t near being fully funded, and her biography was not complete. I put myself in her position and realized just how much help she needed. I had hope that people would do the same I did and give her the benefit of the doubt. Once I was able to read her full story, I was so glad I†¦show more content†¦I am so thankful I was given the opportunities in my life that have led me to where I am today. Her story really impacted the way I view microfinancing and charity in general. I don’t think I really appreciated it and understood the way it can change people’s lives until I read her story and realized that I helped her. I helped her provide for her family and increase her profits for her business. Even though it was only a twenty five dollar loan, it was enough to make a change. She only needs 16 people to lend her 25 dollars in order for her to get to her 400 dollar goal. I am so honored I was one of the 16 people to help her get back on her feet and am looking forward to seeing her progress. People like Liya who are struggling just need a helping hand to pick them up off their feet. Microfinance and charity have the same goal but are still very different. Charity is when someone donates their time or money to an organization. When you give money to a charity, you are helping an organization and not a specific individual. You don’t know the specific person you are helping. With microfinance, you are loaning money to certain individuals. Yo u know the name and story of the person you are loaning your money to. Organizations such as FINCA and Kiva allow people to send their money across the world to those who need the help. They have the same goal of helping those who need it. The major difference is that you give yourShow MoreRelatedCulminating Project: My FINCA Recipient Essay581 Words   |  3 PagesAs a student at Avila I had the special opportunity to give money toward a loan to a lucky recipient across the country through and organization called FINCA. FINCA is an organization that provides microfinance loan opportunities to a plethora of people in 21 different countries. I had the chance to choose a recipient to make a loan to that was funded through t-shirt sales at Avila. We were inspired to make these loans as a university because our common reading story this summer was InternationalRead MoreEssay on The Effects of Small Loans to Those in Need632 Words   |  3 Pagesgive out loans to people across the w orld, who suffer financially. As a part of our first year project this year’s freshmen were able to be a part in giving out these loans to both individuals and families in need. This money came from us selling t-shirts and various donations As a part of this project we were required to get into groups of 2 and decide upon a recipient of our loans. Each loan was a total of $50 and we were able to personally choose who we wanted to sponsor which in my opinion wasRead MoreThe Government Should Not Be Taxing Us For Someone Else s Needs1709 Words   |  7 Pagesmoney while we get taxed a lot of money. The only other alternative is to let them what they are doing and not do anything about it. 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