Georgina Ancelma Cisne


Status: Paying Back

$925.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Georgina Ancelma Cisne
Location: Leon, Nicaragua
Activity: Retail

About the Loan

Loan Amount: $925.00
Loan Use: capital de trabajo
Repayment Term: 20 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 13, 2009
Date Disbursed: Oct 9, 2009
Date Funded:Nov 3, 2009

About the Country

Country:Nicaragua
Avg Annual Income:$3,636.00
Currency:Nicaragua Cordobas (NIO)
Exchange Rate:20.6188 NIO = 1 USD



Georgina Ancelma Cisne tiene 53 años de edad, es una mujer muy responsable y disfruta mucho de su trabajo a pesar de los problemas de cáncer con lo que ha luchado. Ella tiene 4 hijos a su cargo y todos trabajan de manera independiente. Su actividad económica es la compra de mercadería en general. Ella dio inicio hace mas de 17 años, cuando quedo desempleada ya que anteriormente laboraba como secretaria y con la ayuda necesaria de su esposo logro establecerse con el negocio de la venta de mercadería a pesar de que tenía muy pocos productos para ofrecer a sus clientes. Ella sueña con proporcionarle mejoras a su negocio. el financiamiento que solicita es para capital de trabajo que será destinado para la compra de mercadería.


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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Journal entries for Georgina Ancelma Cisne


Loan has been disbursed
 
Entrepreneur: Georgina Ancelma Cisne
Location: Leon, Nicaragua

Thank you for your loan. It has been disbursed to Georgina Ancelma Cisne by Fundación Leon 2000 in Nicaragua. We are excited to watch this business grow. Over the 17 months of this loan, Fundación Leon 2000 will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Leon, Nicaragua
Nov 4, 2009
Comment on this entry

Kiva Help Repayment Schedule for Georgina Ancelma Cisne

  Expected Repayments Actual Repayments Comments
January 2010 $51.39 Available Jan 1  
February 2010 $51.39 Available Feb 1  
March 2010 $51.39 Available Mar 1  
April 2010 $51.39 Available Apr 1  
May 2010 $51.39 Available May 1  
June 2010 $51.38 Available Jun 1  
July 2010 $51.39 Available Jul 1  
August 2010 $51.39 Available Aug 1  
September 2010 $51.39 Available Sep 1  
October 2010 $51.39 Available Oct 1  
November 2010 $51.39 Available Nov 1  
December 2010 $51.39 Available Dec 1  
January 2011 $51.39 Available Jan 1  
February 2011 $51.39 Available Feb 1  
March 2011 $51.39 Available Mar 1  
April 2011 $51.39 Available Apr 1  
May 2011 $51.38 Available May 1  
June 2011 $51.39 Available Jun 1