Adding to basket
At age 21, Oliver works selling cell phones in order to generate income and to be a source of support for his son. Oliver also works in his grandfather's bakery, and uses this income to improve his inventory.
Oliver has come for a loan from MiCrédito and Kiva to buy a batch of high-end cell phone, in order to meet customer demand.
Oliver dreams of having a cell phone store.
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Translated from Spanish by Kiva volunteer Joann S. View original language description.
A sus 21 años Oliver se dedica a vender celulares con el propósito de generar ingresos y ser una fuente de apoyo para su hijo. Oliver, además, trabaja en la panadería de su abuela y esas entradas económicas las utiliza en su negocio para mejorar su inventario. Oliver ha recurrido a los financiamientos de MiCrédito y KIVA para comprar un lote de celulares de alta gama con el propósito de enfrentar las demandas de sus clientes. Oliver sueña con tener una tienda de celulares.
MiCredito operates in both Nicaragua and Costa Rica.
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.
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.
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