Alba Nubia Ruiz Murillo

Alba Nubia Ruiz Murillo is 28 years old, married, and has 2 dependent children. She is a happy woman who has been selling clothes for more than 5 years. Alba became involved in this line of work because her mother was also a clothing vendor. Now that she is charge of the business, Alba is able to educate and feed her children because she did not have a stable job before.

The loan she is requesting will be used to buy pants, shirts, skirts, dresses, shorts and jackets. She hopes that her business becomes well established.

Translated from Spanish by Ronan Reodica, Kiva Volunteer

Alba Nubia Ruiz Murillo tiene 28 años. Es una hombre casado tiene 2 hijos a su cargo. Ella es una mujer muy alegre. Alba se dedica a la venta de ropa. Hace más de 5 años que se dedica a este negocio. Ella dio inicio a este negocio porque anteriormente su Mama se dedicaba a la venta de ropa. Actualmente es Alba quien se hace cargo de negocio ya que tenía que ofrecerles a sus hijos estudios y alimentación, y como no tenía un trabajo estable decide quedarse con el negocio. El financiamiento que solicita es para capital de trabajo para la compra de pantalones, camisas, faldas, vestidos, shorts y chaquetas. Su deseo es establecer un 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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