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Maybe somebody is gaming/abusing Kiva? Or is Kiva itself creating fake profiles? I'll contact them and post any updates.
Profile 1: http://goo.gl/cBytRa Profile 2: http://goo.gl/79re14 Screenshots: http://imgur.com/a/0NUaI
You'd be surprised how many people need to specifically purchase "cigarettes, drinks, and soap" to expand their business.
I'm sure Kiva has several templates that they use to post loans - you don't think they write each one by hand, do you?
And yeah it looks like there was a shared template for both of these.
Could it not just be that there are a lot of people in similar situations getting loans through Kiva and to save time a template is used for the loan description?
Anyway, I have already asked them, waiting for a response.
According to those pages, they want more than an average year of income for a person in that area, to buy inventory. Isn't that too much inventory to buy all at once? And yeah it looks like there was a shared template for both of these.
- She has a bare minimum of inventory now, as she doesn't have capital to invest
- Inventory turns are 13 (the 'average' item is on the shelf for 4 weeks)
That would mean she plans her cost of sales to be 13x the average per capita income in that area. That doesn't seem unreasonable if she can get 200 customers to spend 10% of their income in her shop (assuming 50% markup).
According to those pages, they want more than an average year of income for a person in that area, to buy inventory. Isn't that too much inventory to buy all at once? And yeah it looks like there was a shared template for both of these.