Eddy Pantaleon Arauz Cadena

Eddy Pantaleón Arauz Cadena is 44 years old. Eddy works selling and butchering pork. He has been dedicated to this business for more than 16 years. He began this business through his family because his father managed a business butchering pork and, from a young age, Eddy enjoyed the work. Over time, he was able to buy his own pigs and slaughter them for sale in his region. Eddy is very famous in his area for selling nacatamales (Central American tamales) and happily conversing with his customers. It is a difficult job but what he likes most about it is to see satisfied customers. As a result, he has decided to get a loan destined to be working capital for the purchase of pigs, among other products, so he can make his nacatamales. Eddy's dream is to have his own mode of transportation for his animals.

Translated from Spanish by Kate Divjak, Kiva Volunteer

Eddy Pantaleón Arauz Cadena tiene 44 años de edad. La actividad económica de Eddy es la venta y destace de cerdos. Hace más de 16 años que se dedica a este negocio. El inicio este negocio por su familia porque su Papa administraba y realizaba el destace de cerdo, y así como Eddy desde muy pequeño le gustaba el trabajo, con el paso del tiempo el logra comprar sus propios cerdos y destazarlos para la venta en su comarca, Eddy es muy famoso en su comarca por vender unos deliciosos nacatamales y conversa contento con sus clientes que es un trabajo muy difícil pero lo que mas le gusta es ver la cara de satisfacción de sus clientes. Y es así que decide realizar un financiamiento destinado para capital de trabajo para la compra de cerdos entre otros productos para la elaboración de sus nacatamales. El sueño de Eddy es tener su propio medio de transporte para sus animales.


Important Information About This Loan
In mid 2008, a movement began in Nicaragua called “Movimiento No Pago” (a movement for non-payment of loans). This movement, supported mostly by farmers of the north of Nicaragua with ties to the left-wing party in Nicaragua, has been organizing protests and making it difficult for some branches of microfinance institutions to operate normally. This movement has been fed by the global the economic crisis, which has made it more difficult for Nicaraguans to pay back their loans. This group has submitted a law to the government to create a moratorium on debt repayment. If passed, the law could have a severe effect on the microfinance industry and banking sector in Nicaragua. Recent information indicates that the situation may be improving as the President of Nicaragua has spoken out against this law and would not support its passage in its current form. The network of microfinance institutions in Nicaragua (ASOMIF) has been negotiating with the government in support of an alternative proposal. Kiva, along with 25 other funders from 9 countries, has signed onto a letter to the Nicaraguan government urging a resolution to this situation without enacting a moratorium on debt repayment. The potential passage of the debt moratorium increases the risk of lending in Nicaragua. For more information, please see the following articles: http://impreso.elnuevodiario.com.ni/2009/09/24/nacionales/110236; http://www.laprensa.com.ni/archivo/2009/octubre/16/noticias/economia/355010.shtml

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