Adding to basket
In the past, these two companies granted him a loan to start fixing up the bathroom, which he managed to advance. Now, he wants to continue with these improvements, so he has asked for Kiva financing through MiCrédito to purchase paint and a door. With these materials, his bath will have a better appearance and will offer more privacy for his family. One of his goals is to improve his house.
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Translated from Spanish by Kiva volunteer Wendy H. View original language description.
En el pasado estas dos empresas le otorgaron un crédito para comenzar los arreglos en el baño, logró avanzar. y Ahora, desea continuar con esas mejoras, por lo que ha solicitado un financiamiento Kiva a través de MiCrédito para comprar pinturas y puerta, con estos materiales su baño tendrá una mejor apariencia y brindará una mayor privacidad a su familia. Una de sus metas es mejorar su vivienda.
This water and sanitation loan is part of Micrédito’s effort to improve the living standards of communities in Nicaragua. Today many Nicaraguan homes do not have access to safe water or sanitation facilities. With few hygienic alternatives available to them, families often face water pollution resulting in respiratory, gastrointestinal or skin diseases as well as river pollution due to illegal sewage piping.
By partnering with Kiva, Micredito will offer clients a water and sanitation loan, helping them access key resources to build latrines, septic tanks and sinks. By funding this loan, you are playing an important role in helping Nicarguan communities to protect themselves from diseases, improving and strengthening their emotional and physical living conditions.
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.
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