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Oscar Antonio
The micro-entrepreneur Oscar Antonio M. is 55 years old, he is married, has 3 children, two of which are in school, and for 10 years he has been traveling to the capital to purchase various ordered products. This business consists of many people occasionally wanting to buy products that are cheaper in the capital and they ask this of Mr. M., who only charges a small commission for the purchase. Nonetheless, Mr. M. is the one who uses his resources to make said purchases. It is for this reason that the micro-entrepreneur needs to obtain financing, since in so far as he purchases more products his commission increases.

Among his customers are barbers, cabinet makers, seamstresses, taxi drivers, jewelers, and people who need any product that is not found in the city, or that is difficult to find. There are very few people who do this job since the trip to the capital is rather tiring and boring. Mr. M. has already been the beneficiary of a loan on the part of Kiva and has shown that this loan allowed him to increase his income. It is important to note that this client pays on time and develops his loan.

He needs to be financed to purchase the following products: 300 yards of Dacron fabric which he will purchase for 1 US dollar a yard, 2 weights for small local grocery stores at 17 US dollars a weight , 30 DVD cables at 1 US dollar a cable, 10 Sharp radios at 15 US dollars a radio, 4 car batteries at 30 US dollars a battery, 12 large calculators at 5.50 US dollars a calculator, and 300 yards of mecate at 1 US dollar a yard.
View original language description ↓
El microempresario Oscar Antonio M. tiene 55 años de edad, es casado, tiene 3 hijos los cuales dos estudian y desde hace 10 años se dedica viajar a la capital a comprar productos varios por encargo. Este negocio consiste en que muchas personas en ocasiones quieren comprar algunos productos que en la capital son mas baratos y se lo encargan al señor M. quien solamente les cobra una pequeña comisión por la compra, sin embargo el señor M. es quien utiliza sus recursos para hacer dicha compra. Por este motivo es que este microempresario necesita obtener financiamiento ya que en la medida que compre más productos su comisión aumenta.

Entre los clientes que tiene se encuentran los barberos, los ebanistas, las costureras, los taxistas, los joyeros y personas que necesitan algún producto que no se encuentre en esta ciudad o que sea difícil de encontrar. Este tipo de actividad casi no existen personas que la realicen ya que el viaje a la capital es bastante cansado y aburrido. El señor M. ya fue beneficiado con un crédito por parte de Kiva y ha manifestado que este préstamo le permitió aumentar sus ingresos. Cabe señalar que este cliente pago en tiempo y forma su crédito.

Necesita se le financie para comprar los siguientes productos: 300 yardas de Tela dacron la cual compra a US 1 dólar cada yarda, 2 pesas para pulpería a US 17 dólares cada pesa, 30 cables de DVD a US 1 dólar cada cable, 10 radios sharp a US 15 dólares cada radio, 4 baterías para carro a US 30 dólares cada batería, 12 calculadora grande a US 5.50 dólares cada calculadora y 300 yardas de mecates a US 1 dólar cada yarda.

Additional Information

Important Information

Please note that Kiva considers loans from this Field Partner, ADEPHCA, to be particularly high risk. This organization is very small and started working with Kiva before certain core risk and due diligence policies were put into place. ADEPHCA organization would not fit under Kiva’s current partnerships criteria because they do not have any audited financial statements, they do not have established internal controls, and they currently have no other sources of funding than Kiva. Kiva continues to allow ADEPHCA to raise funds on the website for two reasons. First, if Kiva were to abruptly end the partnership we believe there would be a higher risk of loss for lenders, since cutting off the Kiva funding source would put ADEPHCA in a financially distressed position. In addition, since ADEPHCA provides loans in some of the poorest and most remote areas of Nicaragua where there are almost no other options for funding, we believe these loans could still be of interest to lenders even considering the increased risk.

About Nicaragua

  • $3,636
    Average annual income
  • 99
    View loans »
    Nicaragua Loans Fundraising
  • $24,396,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Oscar Antonio purchase dacron fabric, grocery store weights, DVD cables, sharp radios, car batteries, large calculators and mecates.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 18, 2009
Listed
May 8, 2009
Currency Exchange Loss:
N/A
Ended:
May 15, 2010