Each month, Mr. Struggan will be pledging a $25 loan to a borrower on Kiva’s website, which helps connect loan applicants from around the world with people who are willing and able to provide them with the funding they need. These microloans can go a long way towards helping people, especially in parts of the world where typical banking infrastructures are inadequate or do not exist.
This month’s Mr. Struggan Foundation loan recipient is Ganbayar, a 23 year-old man from Mongolia and recent college graduate who has applied for a loan for his furniture manufacturing business. A loan of $1,450 will cover the costs of starting inventory to get his business up and running.
Please consider helping Ganbayar out; he is only $875 dollars away from getting his loan fully funded. For lenders new to Kiva, use this invite link to sign up, and The Mr. Struggan Foundation will receive an additional $25 for our endowment. Once you sign up, you can become a Foundation Member by joining our Lending Team, where you can track the Foundation’s progress and attribute your own lending activity to the fund. After two months of progress, our endowment currently sits at $50.
Mr. Struggan sends his warm regards.