Martina De Los Angeles Caballero Caballero

Martina de los Angeles Caballero Caballero is 58 years old. She has been operating a bookstore for more than 16 years. Martina is a very enterprising woman and enjoys her work a great deal. She went into business because she needed to provide her children with food and clothing. She loves working with people, but she's always exhausted by the end of the day! With this loan, Martina will be able to buy notebooks, pencils, erasers, markers, rulers and other office supplies. She hopes to one day own her own storefront.

Translated from Spanish by Marty Greenstein, Kiva Volunteer

Martina de los Ángeles Caballero Caballero tiene 58 años. Su actividad económica es la venta de librería. Hace más de 16 años que se dedica a este negocio. Ella es una mujer muy emprendedora y disfruta mucho su trabajo. Ella dio inicio a su negocio por que tenía la necesidad de ofrecerles a sus hijos alimento y vestimenta ella disfruta mucho de su trabajo y conversar con nuevas personas, y al final de día termina agotada. Martina solicita este financiamiento para capital de trabajo para la compra de cuadernos, lápices, borradores, marcadores, reglas y artículos de oficinas. El deseo de Martina es comprar un local que sea propio.


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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