Rosa Margarita Tellez Centeno

Rosa Margarita Téllez Centeno is 42 years old. She is a hardworking and loving woman with 3 children who are currently in school and in her care. She sells cosmetics, and enjoys going out every day to offer her products, conversing with her customers who each have different needs. For 7 years she has left the house each afternoon to look for new customers and improve her way of life, and this way her business gradually grew. The financing that she is requesting is for working capital to purchase lipstick, eye shadow, cremes, colognes and gold-plated jewelry. Her desire is to establish a store that would supply the needs of her customers.

Translated from Spanish by Lisa Grobar, Kiva Volunteer

Rosa Margarita Téllez Centeno tiene 42 años. Es una mujer muy trabajadora y amorosa con sus 3 hijos actualmente todos estudian y están a su cargo. La actividad económica a la que se dedica es la venta de cosméticos, ella disfruta cada día salir a ofrecer sus productos ya que cada uno de sus clientes tiene diferentes necesidades además, sus disfrutan conversar con ella. Ella dio inicio hace mas de 7 años por lo que todos los días por la tarde salía de su casa para buscar nuevos clientes y mejorar su forma de vida, y así fue que poco a poco fue creciendo con su negocio. El financiamiento que ella solicita es para capital de trabajo para la compra de lápiz labial, sombra, cremas, colonias y prendas de oro laminado. Su deseo es establecer una tienda para abastecer la demanda de sus clientes.


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