Santa Martina C. Z. is a 50 year old entrepreneur. She is a widow with four adult children.
She has a mini market, which she shared with her husband for over 30 years. He passed away; he was of Chinese origin. In addition to selling basic grains, her store is a general grocery store. She sells products for making Chinese food like noodles, which she learned from her husband.
This is the second loan she has had with Kiva. She repaid the first one as agreed upon and on time. About a year ago, she became a widow. That is why she is asking for a loan to provide better security for her business, which has one wooden wall. The number of robberies makes it imperative to guarantee security for her business.
To do that she needs to pay for constructing a wall; she will need to buy: 250 six inch blocks @ US 0.80 per block, 2 quintales (a quintal is 46 kg) of metal @ US 71 per quintal, 2 meters of rock at US 36 per meter, 2 meters of sand at US 18 per meter and 10 bags of cement @ US 10 per bag.
La microempresaria Santa Martina C. Z. tiene 50 años de edad, es viuda con 4 hijos todos adultos, tiene una pulpería que compartió por más de 30 años con su marido (actualmente fallecido) quien era de origen chino. Esta pulpería además de vender granos básicos y abarrotería en general, vende productos para elaborar comida china, en este caso el tallarín, lo que aprendió de su futuro marido.
Este es el segundo crédito que obtiene de Kiva ya que había obtenido uno el cual ya cancelo en tiempo y forma. Hace aproximadamente un año esta microempresaria a enviudado y por tal razón esta solicitando un crédito para darle seguridad a su negocio ya que la construcción aun tiene una pared de madera y por el nivel de robos que impera es necesario garantizar seguridad a dicho negocio.
Por lo que necesita se le financie para la construcción de una pared y requiere comprar: 250 Bloques de 6 pulgadas los que cuestan US 0.80 cada uno, 2 quintales de hierro a US 71 cada quintal, 2 metros de piedra a US 36 cada metro, 2 metros de arena a US 18 cada metro y 10 bolsas de cemento a US 10 cada bolsa.
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.