Ana Julia Baca Velasquez

Ana Julia Baca Velásquez is 44 years old, married, and responsible for 3 children. For a living she offers taxi transportation. She had to search for a way of improving the family income. The purpose of Doña Ana is to get ahead with her business as it has taken a lot of effort for her to have what she owns now and she does not want to lose it.Therefore Ana requests support from Fundación León 2000 in order to fix and maintain her vehicle, and thus offer better service to her customers.

Translated from Spanish by Lene Struck Christensen, Kiva Volunteer

Ana Julia Baca Velásquez tiene la edad de 44 años. Es una mujer casada. Tiene 3 hijos a su cargo. La actividad económica de Ana es brindar el servicio de transporte de taxi. Ella tenía que buscar el medio para una mejor búsqueda de ingresos para su familia. Los propósitos de Doña Ana son de seguir adelante con su negocio ya que todo lo que tiene actualmente le ha costado mucho esfuerzo y no lo perdería. Es por eso que Ana solicito ayuda en Fundación León 2000 con el fin de aplicarle reparaciones y proporcionarle mantenimiento a su vehículo. Y así podrá ofrecer un mejor servicio a sus clientes.


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

Subscribe