Maria Amanda Gaitan Pérez

Maria Amanda is a single mother with two children. Seeing the necessity of learning a trade, she attended a beautician academy and then went to work in a salon with a friend. From what she earned, she saved enough to be able to buy some beautician’s equipment. With a loan from ADIM, she set up her own salon in her home and began to serve her clientele there. The workspace in her house was very small, so she was motivated to ask for a loan from ADIM in order to rent and furnish a space located on a central street in the Salesiano neighborhood. Now she has so many clients that she has hired an assistant and between the two of them they take care of the salon. Maria Amanda lives with her mother who helps look after her children. Her greatest dream is to prepare her children and to have her own home.

Translated from Spanish by Melissa Hays, Kiva Volunteer

Es una madre soltera con dos hijos, se vio en la necesidad de aprender un oficio al quedarse sola, asistió a una academia de belleza, luego se fue a trabajar a un salón donde una amiga, con lo que ganaba, ahorró y logró comprar algunos instrumentos de belleza. Con un crédito de adim ajustó para montar su propio salón en su casa de habitación, empezó hacer clientela y a atender a domicilio, el local en su casa le resultó muy pequeño, por tal motivo solicitó un crédito en adim para alquilar y acondicionar un local que esta ubicado en la calle central del barrio Salesiano, por la gran cantidad de clientes que tiene contrató una ayudante y entre las dos atienden el salón. Vive con su mamá, que es la que le ayuda en el cuido de sus hijos. Su mayor sueño es de preparar a sus hijos y tener su propia casa


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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