Blanca Nubia Olivas Lopez

Her name is Blanca Nubia Olivia López, she is married, 53 years old, and has a 33 year old daughter who works for herself and does not depend on her mother. Her lifetime partner works in construction. Her goal is to establish a locale where she can earn a greater income, and make improvements such as buying a refrigerator because the one she uses now does not belong to her but to the different houses that distribute such products as Coca-Cola and Pepsi to her. Her intentions include obtaining household products for her home by saving the little she earns.

The business she dedicates herself to is the sale of poultry, as well as juices, sodas, and beer. She has been in business for four years, having started by her own motivation as she has always liked to work independently and find her own way to survie. She started with poultry sales which generates income, and then decided to start another venture with the sale of sodas, juices and beer as these are in high demand in her hometown of León. Her reason for requesting a loan is for working capital to stay active in her business, as she needs to increase the quantity of Coca-Cola and Pepsi products she stocks to satisfy the different tastes of her customer base. She turns to this financing by way of the Fundación León 2000 which has provided her with loan assistance.

Translated from Spanish by Mary Lynn Malaby, Kiva Volunteer

Su Nombre es Blanca Nubia Olivia López su estado civil es casada, ella tiene 53 años de edad, Doña Blanca tiene una hija de 33 años de edad, que trabaja por cuenta propia y no depende de su mama, su compañero de vida labora como albañil, los propósitos que ella tiene es de establecer un local donde obtenga mas ingresos y proporcionar mejoras para ella como lo es la compra de un electrodoméstico como seria una refrigeradora pues la que posee no es de su pertenecía sino de las diferentes casas que le distribuyen el producto como la coca -cola y pepsi y entre sus propósitos esta obtener sus artículos para su hogar ahorrando lo poco que obtiene en sus ingresos.

La actividad económica a la que se dedica es la venta de pollo y venta de jugos, gaseosa y cerveza el tiempo que lleva en este negocio es de 4 años, ella inicia este negocio por motivación propia ya que siempre le ha gustado actuar de forma independiente y buscar el medio para sobrevivir e inicia con la venta de pollo del cual recibe ingresos y decide colocar otro negocio con la venta de gaseosas, jugos y cerveza ya que esta representa una fuerte demanda en su casa de habitación que esta ubicada en león en la siguiente dirección barrio de subtiava de la Texaco guido 3 ½ cuadra al norte, la solicitud de su financiamiento es para capital de trabajo para estar de esta manea activa en su negocio necesita incrementar mas en los productos de coca- cola, pepsi y cerveza por lo que tiene que tiene que satisfacer los diferentes gustos de sus clientes y recurre a este financiamiento por medio de la empresa Fundación León 2000 que le ha brindado su ayuda en los créditos.



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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