Concepcion Canales Rodriguez

Concepción Rodríguez Canales tiene 58 años. Tiene 8 hijos con 8 hijos con su pareja actualmente ninguno de sus hijos depende de ella. Su actividad económica es la venta de nacatamales, hace más de 13 años que se dedica a este negocio. Ella dio inicio a este negocio con capital propio por lo que tenía que buscar una fuente de ingresos que le ayudara a sufragar los gastos de su familia. Lamentablemente con los pocos estudios que Concepción recibió ha logrado establecer su propio negocio en su vivienda. Con el crédito comprara la materia prima que necesita para la elaboración de sus nacatamales. Ella desea para un futuro que su negocio se mantenga estable para que sus ingresos proporcionen lo básico.


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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