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What is a loan? And other microfinance basics

Last year, I served as a substitute teacher in my hometown of Minnetonka, Minnesota. 
Now as a Kiva Fellow in Guatemala, I hope to maintain contact with the students.
This is my video journal.

International calls with students can be problematic and inconsistent, so I am preparing a regular video journal in conjunction with classes in the states.   Microfinan-cinema you might say.  Many were excited about my role with Kiva and based upon class curriculum and interests, students are sending questions for me to answer in the field.  
Here are links for the first 5 episodes:

1. What is a Loan?

2. What is an Entrepreneur?

3. Where is Guatemala?

4. What is Microfinance?

5. What is Kiva?
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Stay tuned for upcoming episodes on Interest Rates, Solidarity Groups, Guatemalan History, Volcanoes, Mayan History (Tikal), and Guatemalan Holidays (Semana Santa).  If you would like to get involved with the video journal, feel free to contact me through the comment section.

Jeffrey Nelson is a Kiva Fellow (KF20) currently roaming Guatemala. He has been living in Panajachel and working with two field partners: Friendship Bridge, which lends exclusively to indigenous women in the western highlands of Guatemala, and ADICLA whose diverse lending portfolio includes youth entrepreneurship and environmentally sustainable agricultural loans to Guatemala’s rural poor. 

Join the "Viva Guatemala" lending team and make a loan to borrowers from Friendship Bridge, and ADICLA


About the author

Jeffrey Nelson

Born and raised in Minnesota, Jeffrey earned his B.A. in Economics from Wheaton College outside of Chicago. During his collegiate studies, Jeffrey became passionate about small-scale enterprise and economic development. After composing financial literacy curriculums for inner-city high schools, Jeffrey spent two years as a program strategist with FundaVida, an NGO based in San Jose, Costa Rica. This past summer he worked on a conservation campaign with the EPA, canoeing the entire Mississippi River with his closest college friends. Jeffrey is excited to collaborate with and learn from Kiva's lending partners in Latin Ameria this year. As an extension of his fellowship, Jeffrey is pursuing a career in holistic community development in marginalized urban contexts.