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Marta Iris
View original language description ↓
Small business entrepreneur Marta Iris O. G. is a native of the city of Bluefields, she is 42 years old, and is married to Mr. Margarito Torres who is owner of a butcher shop. They have four children; one is in secondary school, and three study in university. With her business income Mrs. O. pays her children’s educational expenses. Mrs. O. has sold cheese, cream, curd, and eggs for more than 20 years, having as clients state institutions (hospital, police, and naval district) and the passers-by who prefer her for the variety of dairy products she offers. This is the second loan for this small businesswoman. It should be pointed out that the demand for the products that she sells has not decreased, as they are highly consumed by the population. Now she needs to buy: 362 pounds of cheese at US$1.00 per pound and 150 pounds of cream at US$0.92 a pound. With this loan she will be able to meet the ever-increasing demands of her clients.

Translated from Spanish by Diane Lister, Kiva Volunteer.

La microempresaria Marta Iris O. G. es originaria de la ciudad de Bluefields, tiene 42 años de edad, esta casada con el Sr. Margarito Torres quien es propietario de una carnicería, ambos tienen 4 hijos, 1 cursa estudios secundarios y 3 de ellos estudian en la universidad, con el ingreso del negocio la Sra. O. paga los gastos de la educación de sus hijos. La Sra. O. vende queso, crema, cuajada y huevo por más de 20 años, teniendo como clientes a las instituciones del estado (hospital, Policía y el Distrito Naval) y los transeúntes que la prefieren por ofrecer una variedad de productos lácteos. Este es el segundo crédito de la microempresaria. Cabe destacar que los productos que ella oferta no han disminuido su demanda ya que son de alto consumo para la población. En estos momentos necesita comprar: 362 libras de queso a $ 1.00 dólar la libra y 150 libras de crema a $ 0.92 centavos dólar la libra, con esta inversión podrá satisfacer la demanda de sus clientes que cada día aumenta.

Additional Information

Important Information

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.

About Nicaragua

  • $4,800
    Average annual income
  • 57
    View loans »
    Nicaragua Loans Fundraising
  • $25,729,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Marta Iris to purchase cheese and cream.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jul 24, 2008
Jul 10, 2008
Currency Exchange Loss:
Feb 15, 2009