Comunitarios Monkey Point. Group
Thanks to the strong involvement of the kriol leaders in the development of the community, the community people are now being benefited by electrical materials such as deep-cycled battery charged in a charging station supplied by a hybrid wind-solar system or small individual solar systems of 14W.
For high investment cost, blueEnergy and ADEPHCA-Kiva in constant and strong coordination with the local kriol community board (the local communal organization that deals with all the issues of the community) are seeking financing through Kiva loans to acquire these electrical supplies such as:
- A charge controller that costs $28 USD, a battery that costs $152 USD, two 11 Watt bulb that costs $17 USD, #14 electrical wire that costs $15 USD and other small pieces (wood box, fusible, sparkplug, interrupters, sockets, etc.) that raises the total cost of the system to approximately to $290.15 USD per beneficiary.
- Or for the individual small solar system composed of one panel, one small 12V/7Ah battery, charge controller, bulbs, cables, etc. that brings the total price of the system to $241.81 USD. (* prices valued after the purchase).
A group of 10 persons are beneficiaries of this Kiva group credit. From the total system cost, the community people are only paying $65 USD, representing 22% or 27% of this total cost depending on the system, the other part being subsidized by a project. They get organized and have a person responsible in the community to follow the micro-credit, Gloria S., and one person responding to bring the money in the ADEPHCA office in Bluefields, Rito A..
It should be noted that some of the beneficiaries does not appear on the photograph as, at the time it was taken they were out of the community for working reasons.
It is hoped that this financing will permit the beneficiaries to take advantage of electrical lighting to use some of the evening hours for taking care of their household chores.
Gracia a los grandes esfuerzos de los líderes kriol en el desarrollo de la comunidad, los comunitarios están ahora siendo beneficiados con materiales eléctricos como una batería ciclo profundo la cual se carga en un centro comunal de carga alimentado por un sistema hibrido eólico-solar o con sistema solar individual de 14 W.
Por razón de costos de inversión muy elevados, blueEnergy y ADEPHCA-KIVA en constante y fuerte coordinación con el local kriol gobierno comunal (la organización comunal local que se encarga de todos los asuntos de la comunidad) están buscando financiamiento a traves de los créditos de Kiva para la compra de los materiales eléctricos que consisten en lo siguiente:
- Un controlador de carga de un valor de $28 USD, una batería de un valor de $152 USD, dos bujías de 11 Watt de un valor de $17 USD, cable eléctrico #14 que cuesta $15 USD y otros pequeños equipos (caja de Madera, fusible, enchufes, interruptores, toma, etc.) que dan un costo total del sistema de luz de aproximadamente de $290.15 USD por beneficiario.
- O un sistema individual solar que consiste en un panel solar, una pequeña batería 12V/7Ah, un controlador de carga, bujías, cables, etc. que al final dan un costo total del sistema de $241.81 USD. (* los precios fueron estimados después de las compras).
Un grupo de 10 personas son beneficiarios de micro-crédito grupal de Kiva. Del costo total, los beneficiarios pagan $65 USD y así asumen 22% o 27% de este costo total dependiendo del sistema, la otra parte siendo subsidiada por un proyecto. Ellos se organizaron y eligieron un responsable del seguimiento del micro-crédito en la comunidad: Gloria S., y una persona responsable de llevar el dinero del crédito a la oficina de ADEPHCA en Bluefields: Rito A..
Se anota que algunos de los beneficiarios no son en la foto porque eran trabajando.
Se espera con este financiamiento que les permita a los beneficiarios poder aprovechar la luz eléctrica para mejorar su nivel de vida y aprovechar para de la noche en sus quehaceres diarios.
Important InformationPlease 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.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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