Jamileth Del Rosario Niño Gamez

Señora Jamileth del Rosario Niño Gamez has been a client of our institution for three years now, recieving four loans to invest in her business. You can see the improvement in her business and also her quality of life. Jamileth is married with three children. It’s good to mention that this business made it possible to educate her children—one of them graduated with a degree in psychology and two others are in middle school. Her husband helps out in the business and also sells cattle.

In Jamileth’s bar, she sells food like chicken, a daily dish and steak. With the loans they have improved their selection of products as well as the business’s infrastructure. They changed the location of the bar to better premises.

Translated from Spanish by Nathan, Kiva volunteer.

La señora Jamileth del Rosario Niño Gamez es cliente de nuestra institución desde hace tres años donde ha obtenido cuatro prestamos, los que ha utilizado para capital de trabajo, se puede observar mejoras en la calidad del negocio asi como en sus condiciones de vida, la cliente es casada con tres hijos cabe destacar que con este negocio ha logrado prepara a sus hijos ya que una de ellas se graduo de psicologa y dos estan en secundaria el esposo le ayuda en el negocio y ademas se dedica a la comercialización de ganado. En su bar ella vende comidas como Pollo, comida coriente, Churrasco. Con el prestamo han logrado mejorar tanto la oferta de productos asi como la infraestructura del negocio ya que se cambiaron de un local a otro con mejores condiciones.


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