The boson-fermion model, describing a mixture of fermions and bosons is analyzed on a small, two-site lattice. The model includes all the on-site Coulomb-type interactions between bosons, between fermions and between fermions and bosons. Additionally, the Hamiltonian includes a term that describes a conversion of a pair of opposite-spin fermions into a boson and vice versa. We show how this conversion depends on the model parameters.