Aurora De La Concepcion Mercado Hernandez

Aurora de la Concepción Mercado Hernández is 51 years old, and is the single mother of three children who are no longer dependent on her. She sells general merchandise, and her age has not prevented her from succeeding. She has gained the necessary experience to know each of her customers. Aurora started this business to be able to give her customers the products they were looking for, since she liked the idea of giving her customers these products.

The loan is for working capital to invest in her business. Aurora's wish is to improve her house, because she has always worked hard to succeed.

Translated from Spanish by Rebecca Iverson, Kiva Volunteer

Aurora de la Concepción Mercado Hernández tiene de 51 años, es madre soltera y con 3 hijos que no dependen de ella. Ella se dedica a la venta de mercadería en general a pesar de la edad esto no le impide salir adelante por medio del tiempo ha logrado obtener la experiencia necesaria para conocer a cada uno de sus clientes. Aurora inicio por que observo que muchos clientes buscaban la manera de proporcionarles a sus clientes lo que solicitaban y así le agrado la idea de facilitarles a sus clientes estos productos. El financiamiento es para capital y comprar para la inversión de su negocio. El deseo de Aurora es darle mejoras a su vivienda ya que siempre ha luchado para salir adelante.




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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