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Sunday, March 19, 2006

microlending update

Steve Odongo's Gracious God Butchery received a loan of $500 in early February. Since then, Odongo has been able to expand his business. Before the loan he was able to buy three animals each time he went to the village market. Now he can buy five. He has already begun repaid $30 of the original loan.

In the United States, where even $500 does not go very far, it can be hard to imagine what a difference a small loan can make to people living in poverty on the other side of the world. If you'd like to make a difference in someone's life, check out Kiva's Businesses in Need page.



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