Rosa Matilde Ruiz

Rosa runs a convenience store. She started out selling beverages and ice cream, then added other products like soft drinks and saw that she was able to help with household expenses; her husband couldn't afford them all on his own and their children are in school. With this in mind, she started selling more products and now has her store located on the Panamerican Highway with a big sign to attract travelers. She decide to obtain a loan through Kiva partner ADIM so she could offer a wider selection of merchandise to her customers, and with all the help, she has been able to improve her store's presentation, making it more secure and improving her family's quality of life at the same time. She's satisfied with having been able to make headway for her family and feels that her business can continue to grow.

Translated from Spanish by Marty Greenstein, Kiva Volunteer

Esta señora tiene un negocio de pulpería, inició vendiendo refrescos y helados, luego probó con otros productos como gaseosa y vio que ella podía producir para aportar a los gastos de la casa, pues su esposo no podía con todos los gastos y los niños son estudiantes y tenían gastos .Pensando esto decidió vender otros productos y así ella llego a tener la pulpería que hasta hoy tiene y que está ubicada en la carretera panamericana con rótulo grande para vender a los viajeros de la carretera.

Decidió obtener un crédito con ADIM y así ofreció más variedad de product6os a los clientes, así ella con todos los financiamientos ha mejorado en la presentación del local que al día de hoy tiene un espacio seguro y a la par su calidad de vida para la familia.

Está satisfecha con haber logrado salir a delante por su familia y sentir que es empresaria que puede seguir creciendo.


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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