Zoila del Socorro M. E. is a 37 year old small businesswoman. She is a single mother with five children. The children go to school thanks to their mother’s efforts. She has been a seamstress for over 20 years.
Zoila has a lot of customers in the neighborhood where she lives. There is little competition. She also has contracts with schools and private institutions to make uniforms. Through this activity Zoila has been able to, by herself, get her children ahead.
Nevertheless, she has to buy the fabric for the contracts that she has. She needs to have the money to do this because the institutions only give her a payment ahead of time that does not cover all of the investment.
This seamstress has benefited a couple of times from help from Kiva. She has made her payments on time. She is grateful to the lenders who put their faith in her. She plans to be able to keep making her payments on time.
Mrs. M. has various contracts to fill. That is why she needs a loan to buy the following supplies:
1 roll of waterproof fabric at US $270 per roll, 100 yards of gabardine fabric for US $1.50 per yard, 100 yards of netting fabric at US $1 per yard, 100 yards of Dacron fabric for US $3 per yard, and 1 roll of linen fabric at US $80 per roll.
La microempresaria: Zoila del Socorro M. E. tiene 37 años de edad, es madre soltera con 5 hijos los cuales se encuentran estudiando gracias al esfuerzo que realiza su madre, la que se dedica desde hace mas de 20 años a la actividad de costura.
Doña Zoila tiene muchos clientes ya que en el barrio que habita hay poca competencia, además que tiene contratos con colegios e instituciones privadas para la elaboración de uniformes. Con esta actividad doña Zoila sola a podido sacar adelante a sus hijos, sin embargo en sus contratos ella tiene que comprar la tela por lo que debe contar con un capital para tal fin, ya que las instituciones solamente entregan un adelanto el cual no cubre el total de la inversión.
Esta costurera ya ha sido beneficiada en un par de veces con el apoyo de Kiva y a pagado sus prestamos en tiempo y forma, a la vez aprovecha para agradecer a los prestamistas que depositaron su confianza en ella y espera poder seguir cumpliendo puntualmente con sus cuotas de pago.
Actualmente la señora M. tiene varios contratos que cumplir por tal razón requiere se le financie para comprar los siguientes insumos:
1 Rollo de tela Sicatex el que compra a US 270 dólares cada rollo, 100 yardas de tela Gabardina la cual compra a US 1,50 dólares cada yarda, 100 yardas de tela para mosquitero que le cuesta US 1 dólar cada yarda, 100 yardas de tela Dacron la que compra a US 3 dólares cada yarda y 1 rollo de tela bubuja el rollo le cuesta US 80 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.