Melva Rosa Osabas Ochoa

Melva Rosa Osabas Ochoa is 53 years old. Her business is beef butchering. She has been doing this work for more than 17 years and has always enjoyed it.

Melva works from her home, buying livestock from the producers who offer the best products, and personally taking charge of the butchering. Previously she also butchered pigs, but could not afford to continue this. Melva learned this trade from her family and later decided to start her own business at home.

She is seeking this loan to invest in the purchase more livestock and thus satisfy the needs of her customers. Her desire is to make improvements to her home.

Translated from Spanish by jeffrey hersk, Kiva Volunteer

Melva Rosa Osabas Ochoa tiene 53 años de edad. Su actividad económica es el destace de res. Hace más de 17 años que se dedica a este trabajo, por lo que siempre le ha gustado. El negocio consiste en el destace de ganado en su vivienda, por lo que Melva compra el ganado a ciertos productores que le ofrecen los productos favorable, posteriormente ella misma se encarga del destace, por lo que anteriormente se dedica al destace de cerdo, pero al no contar con el dinero suficiente, no continuo con este negocio por lo que en la familia se dedicaban a este tipo de negocio y fue así como mas tarde Melva decide establecer su propio negocio en su vivienda. Y así solicita este financiamiento con el fin de invertirlo en capital de trabajo para la compra de más ganado y así abastecer la demanda de sus clientes. Su deseo es proporcionarle mejoras a su vivienda.


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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