Leyla Mercedes Martina Baquedano

Leyla Mercedes Martina Balmaceda, 58, is married. Her husband is retired. Leyla has 9 children; but only her 28-year-old son still lives with her, and helps her run a small grocery store out of their home.
Leyla's long-term goal is to have her own home, because the house where she lives now belongs to one of her daughters. She would also like to support her son in starting a business of his own and have a better life, even in the country's economic conditions. She feels that she is growing old and is not able to work as much.

Leyla's business is a small grocery store where she sells products such as salt, sugar, oil, soap, and sodas. She started four years ago selling "chancho con yuca" (fried pork marinated in achiote spices with yuca and cabbage salad) on the street. Her daughter suggested to open a corner store in her house, so that she did not need to work on the streets.

Leyla is requesting a loan to use as work capital, to purchase a wider variety of products to satisfy her customers' demands and make her profits grow.

Translated from Spanish by Maria B., Kiva Volunteer

Su nombre es Ley a Mercedes Martina Balmaceda tiene la edad es de 58 años, su estado civil es casada, su compañero de vida no labora ya que es jubilado y trabajo 14 años al estado, Doña Leyla tiene 9 hijos de los cuales solo un hijo varón de la edad de 28 años depende de ella por lo que el no trabaja pero la asiste en la pulpería que esta ubicada en su casa de habitación que es el barrio de subtiava, Texaco guido 1 cuadra al oeste 2 ½ al norte, los propósitos de Doña Esperanza es obtener su propia casa ya que donde habita recientemente es de una de sus hijas, los deseos que mas predominan en ella son de ayudar a su hijo para que este invierta el dinero en algún negocio y pueda defenderse en el mañana y así el pueda sobrellevar la situación del país por lo que ella se encuentra en una edad avanzada y no puede seguir trabajando de la misma manera que cuando era joven.

Su actividad económica es una pulpería en donde vende los productos como: sal, azúcar, aceite, jabón y refrescos, el tiempo que lleva en este negocio es de 4 años, da inicio a este negocio con un carretón en el que proporcionaba la venta de chancho con yuca y lo realizaba en las calles razón por la que su hija le propone instalar una pulpería en su casa y así nace el establecimiento, por lo que el financiamiento es para la capital de trabajo para la compra de sus productos ya que tiene ciertas productos que le gustaría ofrecer a sus clientes y obtendrá ingresos y lograra pagar sus compromisos.



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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