Socorro Maria Mejia Calero

Socorro Mejía Calero sells fruit and vegetables in the market. She started in this business over 22 years ago, which was run primarily by her mother to earn a living. Little by little, she gained the necessary experience until she came to have the business she now has.

The loan will be used to buy fruits and vegetables, especially oranges and vegetables. She wishes to buy them right now because the prices have gone down a bit.

Her short term dream is to invest in her business in such a way as to bring greater income. Her long term wish is to make improvements on her house that will make her and those with whom she lives more comfortable.

Translated from Spanish by Ginny Kalish, Kiva Volunteer

La señora Socorro Mejía Calero La señora se dedica a la venta de frutas y verduras, los cuales comercializa en el mercado. Hace más de 22 años que se dedica a esta actividad principalmente por su mama a ganarse la vida. Poco a poco ella fue obteniendo la experiencia necesaria, hasta llegar a tener el negocio que ahora posee. El crédito será invertido en la compra de frutas y verduras, entre lo que se destaca las naranjas y las verduras, ya que desea comprar ahorita que los precios han estado un poco bajos. Su sueño a corto plazo es invertir más en el negocio de tal forma que brinde mayores ganancias. A largo plazo la señora desea realizar mejoras en su vivienda que le brinden mayores comodidades a ella y a los que con ella conviven.




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