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Trinidad has been successfully growing his business with the financial support that Kiva and MiCrédito have provided him. He has also become a primary breadwinner for his family.
Trinidad is reapplying for Kiva financing from MiCrédito to buy a cow and increase his herd of cattle. In the future, he would like to be known as a cattle rancher nationwide with the support from these institutions.
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Translated from Spanish by Kiva volunteer Valentina H. View original language description.
Trinidad, ha ido creciendo en su negocio satisfactoriamente todo con el gran apoyo económico que Kiva y MiCrédito le han otorgado. Trinidad, también se ha convertido en un sostén importante para su familia. Don Trinidad, ha vuelto a solicitar un financiamiento Kiva de MiCrédito para comprar una vaca con el propósito de aumentar su hato ganadero. A futuro le gustaría darse a conocer como ganadero en todo el país con el apoyo de estas instituciones.
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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