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Lidia is a hard-working woman who has made a living for seven years selling used clothing and steel items. This is the fourth time that she requests a loan from Kiva partners in order to invest in the purchase of bales of used clothing and items like necklaces, bracelets, earrings, and rings to increase her business and prosper.
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Translated from Spanish by Kiva volunteer Mariana Orozco. View original language description.
LIDIA ES UNA MUJER TRABAJADORA QUE SE GANA LA VIDA VENDIENDO ROPA USADA Y PRENDAS DE ACERO DESDE HACE 7 AÑOS, ESTA ES LA CUARTA VEZ QUE SOLICITA UN CREDITO A LOS SOCIOS DE KIVA CON EL FIN DE INVERTIR EN LA COMPRA DE PACAS DE ROPA USADA Y PRENDAS COMO: CADENAS, PULCERAS, ARETES Y ANILLOS PARA AGRANDAR SU NEGOCIO Y PROSPERAR.
Nicaragua is experiencing a political crisis. Protests have resulted in the loss of life and a partial economic paralyzation of the country. Kiva is committed to supporting our field partners and borrowers during this difficult time. However, should you chose to lend to a borrower in Nicaragua, please be aware that the political unrest poses extra risk for both borrowers and Kiva field partners. Delinquency rates could increase while the crisis is ongoing.
Kiva loans are facilitated through 2 models, partner and direct, that enable us to reach the greatest number of people around the world.
For partner loans, borrowers apply to a local Lending Partner, which manages the loan on the ground. Lending Partners are responsible for screening borrowers, disbursing loans, posting borrowers to the Kiva website for funding, collecting repayments and otherwise administering Kiva loans on the ground to borrowers.
For direct loans, borrowers apply through the Kiva website and may or may not be endorsed by a Trustee. Unlike Lending Partners, Trustees don't handle any financial transactions or have any duty to repay loans on behalf of their borrowers. Instead, Trustees take the role of providing support and business advice to their borrowers throughout the term of the loan.
A Lending Partner's average loan size is expressed as a percentage of the country's gross national annual income per capita. Loans that are smaller (that is, as a lower percentage of gross national income per capita) are generally made to more economically disadvantaged populations. However, these same loans are generally more costly for the Lending Partner to originate, disburse and collect.
Loan tags help lenders find loans that match certain areas of interest.
Kiva loans are facilitated through 2 models, partner and direct, that enable us to reach the greatest number of people around the world.
For partner loans, borrowers apply to a local Lending Partner, which manages the loan on the ground. Lending Partners are responsible for screening borrowers, disbursing loans, posting borrowers to the Kiva website for funding, collecting repayments and otherwise administering Kiva loans on the ground to borrowers.
For direct loans, borrowers apply through the Kiva website and may or may not be endorsed by a Trustee. Unlike Lending Partners, Trustees don't handle any financial transactions or have any duty to repay loans on behalf of their borrowers. Instead, Trustees take the role of providing support and business advice to their borrowers throughout the term of the loan.
A Lending Partner's average loan size is expressed as a percentage of the country's gross national annual income per capita. Loans that are smaller (that is, as a lower percentage of gross national income per capita) are generally made to more economically disadvantaged populations. However, these same loans are generally more costly for the Lending Partner to originate, disburse and collect.
You have selected to not use your Free Trial and will be prompted to pay for this loan using your own money.
Agree Use a Free TrialYour free credit can't be applied to this loan. If you would like to make a loan to this borrower anyway, you will have to use your own money.
Lend Anyway Find an Eligible LoanFree Trials cannot be used to make loans during their private fundraising period on Kiva. If you would like to lend to this borrower anyway, you will have to use your own money.
Agree Find an Eligible Loan