Small-businesswoman Lesbia Elisalda B. has worked in clothing sales for many years. She had always wanted her own business, and 5 years ago she established one selling used clothing in the Barrio Central neighborhood of the city of Bluefields. The clothing she buys is from the United States and she buys it in Managua. With this business being well-established, Lesbia has a good network of habitual customers, and she lets them know when she has a new bundle of clothing.
Lesbia is married and has 4 children. Her husband is a taxi driver and helps with the family’s expenses. Lesbia has already received a loan from ADEPHCA and she used it to grow her business and she had no troubles with the payments for the loan. Since she had such success with the first loan, she is requesting another. With this money, she will buy a bale of children’s clothing for US $200.00, a bale of adult clothing for US$150.00, a bale of sheets for US$150.00, and a bale of towels for US$100. She has sold the majority of these things in the past, but she will use a part of this loan to grown her business to include sheets, which she has never sold but which customers are requesting.
Lesbia has many dreams for her family. She currently has a wooden house, and she would like to build one of cement. Also, she has children who want to go to good universities in the city of León, which is located in a different area Nicaragua. She says it is difficult and expensive, but she wants the best for her children and so she keeps working hard for them.
La microempresaria Lesbia Elisalda B. P. ha trabajado en la venta de ropa por muchos años. Siempre había querido su propio negocio, y hace 5 años logró a establecer una venta de ropa usada en el Barrio Central de la ciudad de Bluefields. La ropa que ella vende es de los EEUU y la compra de Managua. Con este negocio bien establecido, Lesbia tiene una buena red de clientes habituales, y ella los avisa cuando tiene una paca nueva.
Lesbia es casada y tiene 4 hijos. Su esposo es chaufer de taxi y ayuda en los gastos para la familia. Lesbia ya ha recibido un préstamo de ADEPHCA y lo usó para aumentar su negocio y no tenía ningún problema con los pagos del préstamo. Porque tuvo tanto éxito con el primer préstamo, ella está pidiendo más esta vez. Con este dinero, va a comprar una paca de ropa niño por US$ 200, una paca de ropa adulto por US$ 150, una paca de sábanas por US$ 150, y una paca de toallas por US$ 100. Ha vendido la mayoría de estas cosas en el pasado, pero va a usar parte de este préstamo para aumentar su negocio para incluir sábanas, que nunca ha vendido y tiene clientes pidiéndolas.
Lesbia tiene muchos sueños para su familia. Ahora tiene una casa de madera, y le gustaría hacerla de cemento. También, tiene hijos que quieren ir a universidades buenas en la ciudad de León, que queda en otra parte de Nicaragua. Ella dice que esto es costoso y difícil, pero quiere lo mejor para sus hijos y sigue trabajando duro para ellos.
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.