Kiva.org sends out a regular newsletter to members, which I found in my inbox this morning. In it they discussed the recent changes to the loan repayment process that I described in my previous post.
The instant effect of the changes: $10 million dollars of loan funds that instantly became available to lend back out again. That is why it has been somewhat difficult to find entrepreneurs to lend to in the regions where I want to lend money. As of right now, I still cannot find any Mexican entrepreneurs to lend to.
This suggests two things to me. First, obviously, these changes have enhanced Kiva and made it a much more effective microfinance tool. Second, unless there simply are no Mexicans applying for loans, which I highly doubt, the loans that do appear must be getting funded so fast that I never see them. If this is what is happening, then it could only be the case that many other Americans are paying extra attention to our southern neighbor in this regard. If there are many people focusing on loaning to Mexican entrepreneurs like I do, then whether they are doing it for the same reasons that I am or otherwise, perhaps the effect that I desire will be achieved: enhanced border security once the "opportunity incentive" of a porous border that can be easily crossed declines.
0 comments:
Post a Comment