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He is Francisco, a happy and hard-working man. In the past these two institutions granted him a loan to start a home project, which he has not started because he needs to prepare the land, which is uneven.
In light of his needs, he is asking MiCredito for another Kiva loan to buy 5 truckloads of soil, rent machinery, and pay for labor to level the property. Once that is finished, he will be able to start building the home.
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Translated from Spanish. View original language description.
Él es Francisco, un caballero alegre y trabajador. En el pasado estas dos instituciones le otorgaron un crédito para iniciar el proyecto de la vivienda, aún no ha comenzado porque le falta preparar el terreno dado que tiene desniveles. En vista de sus necesidades busca en MiCrédito otro financiamiento Kiva para comprar 5 volquetes de tierra, pagar alquiler de maquinaria y pago de mano de obra para emparejar la propiedad, una vez terminado podrá comenzar con la construcción de 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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