Marcos Antonio Cardenas Medrano

El señor Marcos Cárdenas de 56 años de edad, es un hombre luchador en la vida, trabaja en servicios de seguridad, anteriormente era asistente de cartera en las instituciones estatales del gobierno, reside en el barrio Jorge Dimitrou, su esposa trabaja en la cocina para apoyar a su familia ya que tienen tres hijos y los tres estudian, con este crédito va a comprar materiales de construcción para construir un cuarto y poder tener mejor comodidad. Sus planes es poder seguir mejorando su casa y sobre todo dar los estudios a los clientes. Agradece Afodenic por la oportunidad del préstamo el cual gozara junto con su familia de las mejoras.




Important Information About This Loan
Kiva recently posted a message regarding the “No Pago” movement in Nicaragua (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 had submitted a law to the government to create a moratorium on debt repayment. Initially it was unclear whether this law would pass, which would have had severe effects on the banking and microfinance industry in Nicaragua. However in the last month the executive branch rejected the law in its current form. The No Pago movement still exists but seems to have lost some steam. There is still a possibility that a law encouraging more restructuring of loans could pass next year, and microfinance institutions are voluntarily restructuring loans to delinquent borrowers, still increasing risk of lending in Nicaragua. However indications are that the situation is less dramatic than before.


About Housing Loans
Many poor families are financially unable to purchase a house that meets their needs. Housing loans funded on Kiva give families access to capital to improve their homes and an opportunity to pay loans back at a pace that they can handle. The housing and small business loans featured on Kiva share a common purpose: they alleviate conditions of poverty and enable families to lead more stable lives. Learn more

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