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Jeesse is a microentrepreneur who has managed to strengthen her business, thanks to previous financing provided by these two Institutions.
Currently, she continues to trust both, so much so that she requests a new Kiva loan from MiCrédito to buy chains, motorcycle keys, sprockets, and starter system.
Her goal is to achieve self-sufficiency.
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Translated from Spanish by Kiva volunteer Cindy Kendall. View original language description.
Jeesse es una microempresaria que ha logrado fortalecer su negocio, gracias a un previo financiamiento que le brindaron estas dos Instituciones. Actualmente sigue confiando en ambas, tanto así que, solicita un nuevo préstamo Kiva de MiCrédito para comprar cadenas, llaves para motocicletas, sprokers y sistema de arranque. Su meta es alcanzar la autosuficiencia.
This loan provides capital to first-time business owners. It might equip a woman entrepreneur with a basic financial education and the funds to start a business. In which case, you're helping a woman gain financial independence and provide for her household. Alternatively, it might help a recent graduate from university or trade school to start or grow businesses. In this case, you're helping a young adult build credit and create jobs in a country with high unemployment and underemployment rates.
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.
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