The micro-entrepreneur Germary Danayra D. C. is 25 years old, the mother of a young daughter, married, and a student at the university. For the past 3 years, she has dedicated herself to the business of selling piñatas as well as birthday party supplies such as candles, whistles, hats, and other items.
She also sells pastries that she obtains from her mother’s bakery, which allows her an additional source of income besides her piñata sales. Her piñata business is carried out based on orders placed by friends of her mother’s on her recommendation. In the case of her pastry sales, she sells these from her home since she is located across the street from a secondary school. During their recess, the students visit her to buy her products.
The young mother Germary has plans to expand her business with other products sought out by her customers such as natural beverages, soft drinks and juices. Currently, she needs financing to buy the following: 15 small piñatas that she buys for $5 USD, 25 medium piñatas that she buys for $8 USD, and 25 large piñatas that she buys for $9 USD.
La microempresaria Germary Danayra D. C. tiene 25 años es madre de una niña menor de edad, es casada, estudia en la universidad y desde hace 3 años se dedica al negocio de venta de piñatas y artículos para cumpleaños tales como candelitas, pitos, gorritos entre otros.
Además vende repostería la cual obtiene de una panadería de su mama lo que le permite tener ciertos ingresos aparte de la venta de las piñatas. Su negocio de las piñatas lo hace por encargo de personas que conocen a su mama y la cual la recomienda. En el caso de la venta de repostería la vende en su casa ya que esta ubicada frente a un colegio de secundaria y los estudiantes llegan en horas del recreo a consumir este producto.
La joven madre Germary tiene planes de poder ampliar su negocio con otros productos que son solicitados tales como refrescos naturales, gaseosas y jugos, sin embargo actualmente requiere el financiamiento para comprar lo siguiente:
15 Piñatas pequeñas las que compra a US$ 5 dólares, 25 piñatas medianas las que compra a US$ 8 dólares y 25 piñatas grandes las que compra a US$ 9 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.