KIVA

KIVA – Loan Justification Your Name: Krysta Mazure Potential Recipient URL: http://www.kiva.org/lend/346707 Name: Aqil Country: Azerbaijan Type of Loan: Retail

Criteria 1. Risk Borrower (Credit history/Personal character): Aqil is 39 years old, has a wife and two kids still in school. It seems as though he would pay back the money as he is supporting his family. He has been working on the same business since 2001, so the money would probably go a long way to keep it going strong. He would like the loan because he hopes it will help his business progress and help him earn even more money. He seems like a genuine person because he thanks loaners in advance for their support. I think he is a dependable person to lend money to, because he would benefit greatly from it.

Field Partner (Risk Rating, Delinquency Rate, Default Rate): Aqil's Field Partner is AqroInvest Credit Union. They have a Risk Rating of 4/5 stars, a Delinquency Rate of 0.30%, and a Default Rate of 0.00%. They have passed through $2,847,750 loans, so they seem pretty dependable.

Country Risk (Economic, Political, Natural Disaster): Azerbaijan has a fairly strong economy and is ranked 57th in the [|Global Competitiveness Report] for 2010–2011. This country has many of the formal institutions of democracy but remains classified as 'not free' but it on the border of becoming 'partly free.' Aqil's business is not political, so that doesn't concern him. Azerbaijan is abundant in mud volcanoes which sometimes have eruptions driven from a deep mud reservoir. This reservoir is connected to the surface and sometimes erupts during dormant periods, but has no recorded damage on any cities, so his products would not be in danger.

2. Business Plan - [|__Small Business Start Ups__]

Potential for success: Aqil's men's clothing and shoes business has great potential for success as it has been active since 2001.

Potential for sustainability: This business should be able to sustain Aqil, his wife, and two children as it has been supporting them since 2001. He works everyday, too, so he should be able to gain enough money to pay back his loan and support his family.

Potential for regional economic benefit: This business has pretty good potential for regional economic benefit because he needs the loan to buy more products which will give him more customers, which means more money, which means more success.

3. Borrower

Perceived level of need: Aqil needs the money to support his family and keep his business running, which means that he does need the money, but he doesn't need it straight away. That would give us more time to lend money to him if we chose him as someone to lend to.

Financial responsibilities/commitments of individual: Aqil will most likely use the money for purchasing more products for his store, then it is his responsibility to support his family and give his kids an education. He will obviously have to commit to working everyday to upkeep his business and gain money.

4. Summary Aqil seems like a great person to lend money to because he has the personality of an honest person, a risk-free field partner, and lives in a country that does not limit his business in any way. His business has great potential for being successful, and he will use the money to help it progress and support his family.

KIVA – Loan Justification Your Name: Krysta Mazure

Potential Recipient URL: http://www.kiva.org/lend/349316 Name: Dulce Amor Maglasang Country: Philippines Type of Loan: Food

Criteria

1. Risk

Borrower (Credit history/Personal character): Dulce has a husband and one child, so she it seems that lending money to her would be less of a risk as she is supporting a family. In the picture, however, it does not show her with her polvoron (bread that she sells), so it makes me doubt whether she would actually use the money for her business.

Field Partner (Risk Rating, Delinquency Rate, Default Rate): Her field partner is Paglaum Multi-Purpose Cooperative (PMPC), and they have a Risk Rating of 3/5 stars, a Delinquency Rate of 0%, and a Default Rate of 0%.

Country Risk (Economic, Political, Natural Disaster) The Philippines have a growing economy and don't have any problems with politics lately. The Philippines are prone to cyclones, but I doubt that would affect Dulce's business.

2. Business Plan - [|__Small Business Start Ups__]

Potential for success: Her business has fairly good potential for success, as everybody needs food, and her business is already on the move.

Potential for sustainability: She only needs to support a husband, who probably also has a job, and a child, so her business should support her family. It seems sustainable because she makes about 6,000 PHP a month ($139.756 CAD).

Potential for regional economic benefit: Her business has potential for regional economic benefit because she works in the food business, and food isn't an optional thing to buy.

3. Borrower

Perceived level of need: Dulce needs the money, but not straight away. She is only supporting her partner and child, and her business is already on the move, so we have plenty of time to lend to her if we choose to.

Financial responsibilities/commitments of individual: Dulce has the responsibility of buying new equipment to help her make her polvoron, so she probably has very little and is using her money mostly for food for her family. Sustaining her family will come first, then her business.

4. Summary Overall, Dulce would be a good person to lend to because she doesn't seem like the type of person to not pay it back, and her field partner has no risks whatsoever. She lives in a country that won't affect her business, which is also on the way to becoming successful. We would have plenty of time to lend our money to her, because she doesn't need it right away. She deserves the money because she has to support a family.