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Carlos Luis is a farmer who has been cultivating bananas for five years. His goal is to improve his business. For this reason, he is requesting a loan to buy farming supplies for his banana crops. This will help his trees grow so that they can produce fruit of high quality.
As a result, Carlos Luis can sell his output to customers, neighbors, and other buyers in the community.
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Translated from Spanish by Kiva volunteer Ronan Reodica. View original language description.
Carlos Luis; es un agricultor que se dedica a la siembra de plátano desde hace 5 años; su meta es mejorar aun más su negocio; es por ello que solicita este préstamo para la compra de insumos para la siembra de plátano; esta compra le ayudará a que el plátano crezca y se pueda producir con mucha calidad; para poder venderlos a sus clientes los vecinos y compradores de la comunidad.
This loan helps Costa Rican farmers to not only purchase farm inputs, but to make capital improvements to their farms, which allows them to increase productivity levels. Improvements might include water storage and irrigation systems, greenhouses, and composting facilities. By supporting this loan, you are giving Costa Rican farmers the resources to improve agricultural practices and make their lands profitable.
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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