Alba Nubia Rivas Morales

Alba Nubia Rivas Morales is the married mother of three children. She is very hard-working and has great potential for business.

She has bought and sold vegetables since she was very young, when she learned the trade from her grandmother. Three years ago she stopped working with her grandmother and started on her own, now with the help of her sister and brother-in-law. They buy tomatoes, chiltoma (sweet pepper), plantains and pineapple, among others, from small fruit and vegetable growers in different departments of Nicaragua.

They have to rent large and small trucks to transport the produce, costing them extra. This loan will therefore be the first step in acquiring a comfortable vehicle to facilitate transport and continue expanding the business.

This is her first loan cycle as an individual client, but she has a lot of experience working in a group. We know that she is very responsible and has never failed to make a repayment.

Translated from Spanish by Carolyn McCaffrey, Kiva Volunteer

Alba Nubia Rivas Morales es una mujer esforzada; casada, madres de tres hijos y de mucho potencial para los negocios.

Ella se dedica a la compra venta de verduras desde que era muy joven, oficio que aprendió de su abuela con quien iba a trabajar. Hace tres años dejo de trabajar con su abuela e inicio el trabajo sola, ahora ayudada de su hermana y cuñado, ellos se encargan de comprar en diferentes departamentos a pequeños productores frutas y verduras como tomate, chiltoma (Pimiento dulce), plátano, piña, entre otros.

Para poder trasladar el producto tienen que alquilar camiones o camionetas, lo cual incurre en un gasto extra. Por lo tanto con este crédito iniciara los trámites para la adquisición de un carro cómodo que le facilite el transporte de sus productos y seguir ampliando el negocio.

Este es su primer ciclo como clienta individual, pero tiene mucho tiempo en trabajar en grupo, sabemos que ella es muy responsable y que nunca ha quedado mal.



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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