Adding to basket
Noemí is a woman who in the past has benefited from this crediting agency to fix parts of her home. She has paid her loan in a responsible way and asks for new financing to buy cement, sand, and pebbles, and pay labor to tile some rooms that are being used as shops. This investment has the support of her husband and son. In the future, she would like to continue improving the condition of her home.
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Translated from Spanish by Kiva volunteer Emmy Soyka. View original language description.
Sigue conociendo a Noemí, una señora quien en el pasado fue beneficiada por estas dos instituciones con un crédito el cual destinó para arreglar unas partes de la casa. En este tiempo de forma responsable ha pagado el préstamo y solicita otro financiamiento para comprar cemento, arena, piedrín y pago de mano de obra para embaldosar unas habitaciones que están como bodegas. En esta inversión cuenta con el apoyo de su esposo e hijo. En un futuro desea continuar acondicionando la vivienda.
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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