Santos Agustin Aguilar Alaniz

Santos Agustín Aguilar Alaniz is 26 years old, married with one child. He is attending school. He works as a mobile disc jockey. He started out doing small local parties in his region, and as time went on he bought the necessary equipment for his business. Later, he signed a contract with a restaurant owner to entertain at dance parties. This is why he is requesting this loan for capital to invest in his business, since he needs much more modern gear. Santos wishes to move forward with his business.

Translated from Spanish by Rebecca Iverson, Kiva Volunteer

Santos Agustín Aguilar Alaniz tiene la edad de 26 años. Es un hombre casado. Tiene 1 hijo a su cargo y asiste a la escuela. Su actividad económica es ofrecer los servicios de disco. Hace mas de 9 años
Tiene 1 hijo a su cargo y estudia. La actividad económica de Santos ofrece los servicios de disco móvil. Comenzó realizando pequeñas fiestas locales en su comarca, y con el paso del tiempo fue obteniendo los equipos necesarios para su negocio, mas tarde realiza un contrato con el dueño de un restaurante para entretener las fiestas bailables. Es por eso que solicita este financiamiento para capital de trabajo ya que este trabajo requiere que sus aparatos sean mucho más modernos por lo que serán invertidos en su negocio. El deseo de Santos es de seguir adelente con su negocio.



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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