The micro-entrepreneur Bismarck Antonia M. is 42 years old and is married with 4 children, all of whom are in primary or secondary school. Mr. M. has been a barber for more than 20 years and is now taking advantage of his store to sell refreshments.
This micro-entrepreneur has many clients who visit him because they know that he can give them a variety of haircuts, including fashionable styles, like those that adult men like.
At present, Mr. M. has 2 chairs in his store, so he hires another person who also does this activity. However, he has many clients, so he needs to buy another chair, mirrors, and television, which will allow him to take better care of his clients. This will allow him to earn more income so that he can pay the rent for his store.
As a result, he is requesting financing for the following:
1 barber’s chair for $500, 2 mirrors for $100 each, and 1 television for $300.
EL microempresario Bismarck Antonio M. tiene 42 años de edad, es casado con 4 hijos todos estudian niveles primario y secundario respectivamente. El señor M. se dedica hace más de 20 años a la profesión de barbero y a la vez aprovecha su local para vender refrescos.
Este microempresario tiene muchos clientes quienes lo visitan ya que cuenta con una variedad de cortes de pelos tanto estilos de moda como otros que son preferidos por personas adultas.
Actualmente el señor M. tiene 2 sillas de barbero por lo que contrata a otra persona para que también realice esta actividad, sin embargo tiene una buena demanda de clientes por lo que requiere aumentar su inventario comprando otra silla, espejos y televisor que le permita dar una mejor atención a sus clientes, esto con la finalidad de obtener mayores ganancias y poder pagar el alquiler del local.
Por tal razón solicita se le financie lo siguiente:
1 silla de barbero la cual tiene un valor de US$ 500 dólares, 2 espejos grandes que les cuesta US$ 100 dólares cada uno y 1 televisor a colores que le cuesta US$ 300 dólares.
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.