Santa Martina C. Z. is a small business owner. She is a 51 year old widow with five adult children. She has a store that was started by her late husband who was of Chinese origin. She sells general merchandise, but specializes in the sale of noodles (uncooked) and other ingredients used in the preparation of noodles like Chinese chili, Chinese sauce and other items.
Small business owner C. has had one previous loan with Kiva, which she paid off in a timely manner. She wants to thank all the lenders who showed confidence in her and granted her the loan.
The main problem that she is having with her business is the safety of the building since it is made of wood and is 30 years old. For this reason she would like to completely remodel it. With her first loan she started making repairs and little by little has made more. She is requesting a loan to repair another section of the building. She needs to buy the following construction materials: 5 quintals (a quintal equals 100 lbs.) of 3/8 inch rebar with each quintal costing $50, 5 bags of cement at $52 per bag, 150 units of blocks at 80 cents per unit and 5 meters of sand at $14 per meter.
La microempresaria: Santa Martina C. Z. tiene 51 años de edad es viuda con cuatro hijos todos adultos, tiene una pulpería la cual era de la propiedad de su fallecido esposo de origen chino. En este negocio la señora C. vende productos en general y como especialidad la venta de tallarín (Crudo) y otros ingredientes que se utilizan en la preparación de esta comida tales como chile chino, salsa china entre otros.
La microempresaria C. ya ha sido beneficiada anteriormente con un préstamo por parte de Kiva, el cual cancelo en tiempo y forma, aprovechando este medio para agradecer a los prestamistas que confiaron en ella y le concedieron el préstamo. El principal problema que tiene esta microempresaria es la seguridad de su local ya que la construcción es de madera y ya tiene mas de 30 años, por lo que requiere remodelarla por completo.
Con su primer préstamo ya inicio la reparación y poco a poco va a ir reparándola en esta ocasión requiere un financiamiento para reparar otra parte del negocio por lo que necesita comprar los siguientes materiales de Construcción:
5 Quintales de Hierro de 3/8 cada quintal lo compra a US 50; 5 bolsas de cemento el cual compra a US 52 cada bolsa, 150 unidades de bloques a US 0.80 cada unidad y 5 metros de arena a US 14 cada metro.
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.