Maria Eugenia Garcia Santana

Maria Eugenia García Santana tiene la edad de 23 años. Su actividad económica es la venta de cosméticos. Hace más de 5 años que se dedica esta actividad. Ella dio inicio con muy poca mercadería, ella ofrecía ropa interior a ella siempre la ha caracterizado por el espíritu luchador y las ganas de salir adelante. En la actualidad ella continúa con este negocio, ya que es su único medio de trabajo y disfruta mucho el conversar con sus clientes. A pesar de las dificultades que enfrento como es el tiempo por lo que tiene que buscar sus productos en donde se encuentran mucho mas favorable.


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