Mayra Elena Romero Medrano

Mayra Elena is 42 years old and a mother of two children who attend school. She sells general merchandise. For over 7 years she has dedicated herself to this business. Mayra is a woman who has always liked to work and she continues by means of this business to feed her family.

Mayra is soliciting financing to invest in her business, for buying clothes, cosmetics, shoes and purses. Among her desires is getting ahead with her family.

Translated from Spanish by Harold Sims, Kiva Volunteer

La señora Mayra Elena Romero Medrano tiene 42 años de edad madre de familia tiene dos hijos que van al colegio. La actividad económica a la que se dedica es la venta de mercadería en general. Hace más de 7 años que se dedica a este negocio. Por lo que ella es una mujer que siempre le ha gustado trabajar por lo que en la actualidad sigue con el mismo negocio ya que tiene que proporcionar el alimento diario de su familia. Esta solicitando un financiamiento para invertirlo en capital de trabajo para la compra de ropa, cosméticos, calzado y bolsos. En su deseo esta el salir adelante con su familia.




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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