Valentin Pedro Reyes

Valentín Reyes, 34, lives in the Pablo Úbeda neighborhood. He is married and has a beautiful one year old daughter. His wife works as a teacher, and they both help cover the expenses. Basic grocery costs are extremely high due to the drought this year. He has worked as a security guard for six years. He earns little, but he cannot find other work. That is why he is always working security. The difficulty he encounters is that when something is stolen, he has to pay for it out of his salary. This has an ill effect on the family expenses.

With this loan he wants to repair a room. The zinc is old and leaks when it rains. He wants his family to be fine so that they do not get sick. He will buy zinc to do this. His future plan is to have his own business with basic grains and selling clothes. He hopes to achieve a better future. He is grateful for the loan, which is an investment source.

Translated from Spanish by Ginny Kalish, Kiva Volunteer

Don Valentín Reyes de 34 años de edad, vive en un barrio que se llama Pablo Úbeda, casado, con una bonita Nina de 1 año de edad, que su esposa tiene, ella trabaja como docente y se ayudan a cubrir ambos los gastos ya que la canasta esta súper elevada de costo debido a la sequía de este año. El se desempeña como guarda de seguridad desde hace seis años, gana poco pero no se encuentra trabajo es por eso que esta siempre en la seguridad, su dificultad que se le presenta es cuando roban algo y tiene que pagarlo de su salario y desajusta para los gastos de su familia. Con este préstamo quiere reparar un cuarto el zinc qué esta viejo y se le pasa el agua cuando llueve y desea que su familia este bien para que no sufran ninguna enfermedad. Para esto comprara zinc nuevo. Sus planes a futuro es poder tener su propio negocio, de granos básicos, y venta de ropa que espera lograrlo para un futuro mejor y con el financiamiento que es una fuente de inversión el cual da las gracias.


Important Information About This Loan
Kiva recently posted a message regarding the “No Pago” movement in Nicaragua (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 had submitted a law to the government to create a moratorium on debt repayment. Initially it was unclear whether this law would pass, which would have had severe effects on the banking and microfinance industry in Nicaragua. However in the last month the executive branch rejected the law in its current form. The No Pago movement still exists but seems to have lost some steam. There is still a possibility that a law encouraging more restructuring of loans could pass next year, and microfinance institutions are voluntarily restructuring loans to delinquent borrowers, still increasing risk of lending in Nicaragua. However indications are that the situation is less dramatic than before.


About Housing Loans
Many poor families are financially unable to purchase a house that meets their needs. Housing loans funded on Kiva give families access to capital to improve their homes and an opportunity to pay loans back at a pace that they can handle. The housing and small business loans featured on Kiva share a common purpose: they alleviate conditions of poverty and enable families to lead more stable lives. Learn more

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