Hey everyone...excited to lend!

Discussion in 'Z Lounge [off topic]' started by ElscottHavoc, Jan 13, 2015.

  1. ElscottHavoc

    ElscottHavoc Forum Member

    Over the weekend, I watched a documentary called "Living On One Dollar" about a group of 4 college kids who head to rural Guatemala and live on the average wage of roughly $1 per day.

    It was in that movie that I was reinvigorated to get involved in humanitarian efforts and somehow it led me here.

    Certainly, I think there is a necessitation for generous donations, but often think charitable donations can be much more effective on a macro level than a micro level. That is to say, feeding a crowd of homeless works well on a large scale, but simply gifting a crowd of homeless an equal sum of money probably won't achieve much unless you sit down with them individually to discuss how to best manage the money for their needs - but then you have to remember the Chinese proverb of "if you give a man fish you'll feed him for a day, if you teach him yo fish you'll feed him for a lifetime" - and I think that is where humanitarian lending comes into play.

    One of things that has often allowed many countries to proper is access to easy capital through lending, and multiplied with interest growth, credit has allowed certain countries to prosper.

    In the United States, while debt is often the topic of concern, easy access to credit is also what allows us to grow technology and business at an extraordinary pace. Credit has allowed people to follow their dreams, take risks in starting businesses, and many times become very successful as a result - perhaps providing jobs for others along the way. What's interesting for other countries is that often the initial risk of starting the business is not the problem, it is access to capital to grow the business that holds people back. I look at the projects here and see so many already self-employed small businesses owners such as farmers or seamstresses or shop owners and in the US, that tends to be the most difficult part - actually taking the plunge to become self-employed. Yet, being self employed seems to be necessitated elsewhere in the world to put food on the table so the problem here isn't of certain business models being unproven, its business models with untapped potential due to limited funding.

    And that's sort of the way I perceive Zidisha and why I'm excited to be involved. Just because I'm not providing someone a free handout doesn't mean I'm not helping them and I think there truly is such a thing as humanitarian lending.

    Obviously, some lenders will gain and some lenders will lose some money along the way, but what the interest allows is for more and more money to be placed into working capital for future loans, exponentially increasing growth. And along the way, the borrowers can know that they did it by their own merits, not necessarily through charity, but they're own hard work.

    Anyways, I look forward to lending with everyone and getting involvrd in some unique and rewarding projects if only as a financial backer and mutual beneficiary.
     
    Last edited: Jan 13, 2015
  2. GILBERT KIBET

    GILBERT KIBET Silver Member Volunteer Mentor

    I am very passionate with investments especially in agricultural sector- with plans to develop a platform where I can not only grow but also also reach out. After graduating 2 years ago, I have been struggling to secure a formal employment without success. It's now that I am realizing that I should be one creating opportunities for others. I have a framework to realize this dream and currently seeking critics, partnerships and support to actualize it.
     
    KirstenShute and VICTOR CHELUGET like this.
  3. VICTOR CHELUGET

    VICTOR CHELUGET Forum Member

    it is a noble course while it also instill hardwork and responsibility
     
  4. VICTOR CHELUGET

    VICTOR CHELUGET Forum Member

    Keep going mate. You will make it
     
    KirstenShute likes this.
  5. enigmatic

    enigmatic Gold Member

    Hi Gilbert
    Maybe if you're happy to share some of your ideas on this forum other people on here might have some experiences you can learn from?
     
    KirstenShute likes this.
  6. Hope2012

    Hope2012 Gold Member

    Hello, you are going to love being a lender, it's very rewarding. It really makes my day when I see someone I lent to succeed. I started lending in 2012 when there were only about 1,800 lenders, now it's ten times the size. It's also a great place to meet quite dynamic and ambitious people
    Good luck with your lending.
     
    Joseph Gatiba and KirstenShute like this.
  7. Boniface

    Boniface Afrikan

  8. Boniface

    Boniface Afrikan

     
  9. Boniface

    Boniface Afrikan

     
  10. KirstenShute

    KirstenShute Gold Member

    The film looks interesting. Of course, the four guys have an advantage over those who've lived in poverty all their lives, since they start out with equipment (backpacks, clothes, sturdy shoes) they probably wouldn't have been able to buy on just $1 a day. Then again, it seems like a good way to raise awareness.

    Nice to meet you, @ElscottHavoc and @VICTOR CHELUGET - and like @Hope2012 I also started lending in 2012!
     
    Rafael Baccah likes this.
  11. GILBERT KIBET

    GILBERT KIBET Silver Member Volunteer Mentor

    Sure sure Enigmatic,
    I have grown from ideas and support from Zidisha
     
    Rafael Baccah and Paul Meltus like this.
  12.  
  13. Zidisha is doing a great job. Lending money when one has saved none. To me this is a previledge to the ones able to access internate. Since i joined zidisha i wished if even the grassroots pro poor could be able to access this opportunity which they deserve.
     
    Laurie likes this.
  14. Rafael Baccah

    Rafael Baccah Silver Member

    I am with you my brother. I am very happy to have been introduced to Zidisha. I wish is similar to mine, but in my case I want to be helping my farmers. I produce natural fruit juices, I buy from farmers in some very remote arrears of Ghana. It's sad to see so much hardship in such a beautiful place. You know, when my farming community comes online, I would give these farmers and their children a conducive environment to live and work with very affordable decent housing and a livelihood they can always count on no matter what. 2014-09-05 11.33.56.jpg
     
    Mwania Makau and Laurie like this.
  15. Rafael Baccah

    Rafael Baccah Silver Member

    Touching.
     
    Robert Wanjala likes this.
  16. Robert Wanjala

    Robert Wanjala BUSINESS MAN

    The only place you can reach the heart of those who realy need help to grow what their doing and grow ather people is zidisha.
    I welcome you and you will enjoy lending
    Robert
     
    Laurie likes this.
  17. Laurie

    Laurie Liaison: Anglophone+Francophone Countries Zidisha Volunteer

    It may not be the only place, but (IMHO) it certainly is the best place! :)
     
  18. Robert Wanjala

    Robert Wanjala BUSINESS MAN

     
    Laurie likes this.
  19. Laurie

    Laurie Liaison: Anglophone+Francophone Countries Zidisha Volunteer

    Hey, Robert, I'm glad you agree. :D
     
  20. Daniel Kivango

    Daniel Kivango volunteer mentor Volunteer Mentor

    how i wish i knew about this when it started but i gues everything has its own right time right?
     

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