Adding to basket
Oscar Andrés has had his project, a mechanic and recycle shop, for approximately 20 years. His wish is to replace the tools that are damaged. That is why he is requesting this loan to buy a compressor, a hose, a metal cutter, an electric saw, a grinder, and a mechanic work light. This purchase will help his project advance more quickly. This way he will be able to generate more earnings for his family.
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Translated from Spanish by Kiva volunteer Ginny Kalish. View original language description.
Oscar Andrés tiene su proyecto de taller mecánico y de reciclaje desde hace aproximadamente 20 años. Su deseo es reemplazar las herramientas que se encuentran dañadas; es por ello que solicita este préstamo para la compra de: un compresor, una manguera, una cortadora de metal, una sierra eléctrica, esmeriladora y exención de luz; esta compra le ayudará a que su proyecto avance de manera más rápida y así pueda generar más ingresos para su familia.
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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