"Andrés de Jesus is 57 years old and resides in the city of Estelí, Nicaragua. He is married with five children and he is a merchant who sells lubricants. He has been in this business for seven years and started it through a loan, as he did not have his own capital. Prior to selling lubricant, he worked simultaneously in transportation and as a merchant selling basic grains. However, he decided to leave that business since it wasn’t very profitable and his earnings were very low. As a result, he decided to sell lubricants and has had better earnings than with his previous businesses.
He is requesting the loan to purchase lubricants. With this investment, he plans to keep his inventory stocked with all types of lubricants his customers demand. He considers the location of his place of business to be good for sales. However, he needs more products to sell so that he does not lose customers. He wants to improve his place of business, expand it, and improve his sales. His next goal is to provide his children with a professional education so that they will be someone in life and will be independent."
If you want to try out Kiva for yourself just click on my Kiva link on the right hand side of the page. You loan out $25 to someone trying to start or improve a business and you are repaid over time. You earn no interest but get the satisfaction of helping out.
I like the idea I'm going to check it out and get involed. Thank
ReplyDeleteCroft
ReplyDeleteI made a loan after one of your postings about Kiva and hopefully someday I'll stop by Jose's for a hot dog and a beer. Great program.
Bill
http://www.kiva.org/lend/292023
what an excellent idea and how rewarding :)
ReplyDeletebeen reading about you doing this for quite sometime now... just made my first loan to a nice entrepreneur in Peru... thanks for reminding me of what is important in this world...
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