Wednesday, December 4, 2013

More of the same

Today in Human Geo Mr. Schick went through a (not really finished) power point with all the terms we need to know for our test on Friday. He let us know that the power point will be updated (hopefully tonight, if not, tomorrow) and posted on his blog for us to study from. Here's some notes I took on the power point in class:
Mr. Schick's Definitions
Micro finance- a form of financial services for entrepreneurs and small businesses lacking access to banking and other services
Micro loans- a small loan given to individuals who might not have access to typical banking services, usually to start or expand small, self sufficient businesses.
Kiva- provider of micro loans.

  • they have distributed almost $500,000,000 in loans with about 1,000,000 lenders.
  • About 600,000 loans have been funded through Kiva 
  • Average loan is about $400
  • Average Kiva loaner makes 10 loans
  • It's repayment rate is 99% !! 
At the end of class we played a little trivia game thing.
Qatar. 

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