I just got an email informing the club that our investment in Cambodia is beginning to pay back our loan.

The business you have loaned to, Nghean Vy, has made a repayment of $45.00.  The total amount repaid up to now is $45.00

Perhaps I just amaze easily, but the simple fact that God’s people can practically help a woman with a small business in Cambodia still amazes me.  I pray that this club will continue to gain momentum and that many investments will be made.

Here’s a link to the loan’s page

I can’t pronounce that last name, but I know she is a store owner in Togo that we lent some money to. Here is an update from her:

The business you have loaned to, Alodémé AMOUZOUVI, has made a repayment of $100.00.  The total amount repaid up to now is $100.00.

You can learn more about her and her business here.

We just received this update from Rosita’s Gifts of Ecuador.

The business you have loaned to, Rosita’s Gifts, has made a repayment of $69.00.  The total amount repaid up to now is $69.00.  The payment was collected and deposited by MIFEX.   This repayment will be divided amongst all the lenders who helped to fund this business, depending upon the percentage each lender contributed.

If you are interested in joining our investment club, please email adam@ymexchange.com.

This is an update on Rosita’s Gifts written by Luis Crespo:

Rosa agradece a Kiva y la comunidad solidaria por el apoyo financiero. Ella cobro sus valores y ahora tiene mas esperanza de poder seguir con su negocio atendiendo a los clientes.

Translation:  Rose thanks for to Kiva and the shared in common community by the financial support. It collection her values and now has but hope to be able to follow with her business taking care of the clients.

Getting involved is very easy. All you have to do is login to the Kiva account and choose a person to invest in. ($25 minimum)  Just make sure you use your login to PayPal and not anyone elses!

I emailed the login information to all the people who indicated that they’d like to invest.  Didn’t get it? Contact me at adam@ymexchange.com and I’ll send it as soon as I can.

Reminder: You will not make any interest on your loan and your loan is not guaranteed.  When loans have been repaid, you may reinvest in a new business or withdraw your money. But you may not withdraw funds until the loan has been repaid.

As I just posted about in this thread… we’re now all clear to start our group’s Kiva account.

So, please leave a comment and suggest some names for our club account.

My suggestion, keep it simple:

YMX

Others? 

p.s. If you’d like to get a login to post to the YMX Investment Club blog, leave a comment and I’ll hook you up.

We are currently seeking individuals who are willing to form an investment club to invest in entrepreneurs in developing countries.

If you are interested in investing $25 or more, please contact adam@ymexchange.com.