Why did we choose Juan?
We chose Juan because he sells rice, sugar, oil, beans, toilet paper and soft drinks. Food and water is important to us.
Also, it is interesting because his business is in his house. He lives in Nicaragua. Nicaragua is in South America.
They have 5 stars in field partner risk rating. Juan’s loan request was $300.
Message from Mrs. Theriault
Last year one of the Grade 6 teams invested in the Nicaraguan entrepreneur – Mr. Salgado – who deals in scrap metal. He was transporting his metal in a horse and cart. The Kiva loan enabled him to buy a bigger truck and the good news is that he has already paid back his loan!
And another of last year`s teams invested in the furniture making business of a Mr. Flores. He bought an electric sander and he has also paid back his loan.
That means we`ve had three Nicaraguan loans in our portfolio – two that have been paid back and one that is still active. None of the Nicaraguan loans has defaulted.