Julio Cesar Bonilla Betanco

The young man named Julio Cesar Bonilla Betanco is 30 years old. He is married and he has one son who is 4 years old. He is studying first level of primary school. His life partner works selling medicines. His goal is to grow in the market and establish himself obtaining the necessary income to help his family. Among his desires is to be able to pay the school for this son and provide him with a house so he doesn't need to struggle in the future.

His economic activity is the sale of medicines like aspirin, saline solutions, anti-flu among others. He has had this business for 4 years. He is still selling these products the same way now like when he first started. He is a hawker and he sells his products to different pharmacies in the city of León. With the profits from the sales, he was able to grow and then asked his wife for help and now they both sell medicines.

The loan will be use as a working capital to buy more products in order to supply the orders he has. Due to the efficacy of his services, his clients prefer him.
He is grateful to Foundacion León 2000 and other organizations for helping him get this loan.

Translated from Spanish by Ana Gabriela Clark, Kiva Volunteer

El joven de nombre Julio Cesar Bonilla Betanco tiene la edad de 30 años su estado civil es casado, tiene 1 hijo que tiene la edad de 4 años y cursa recientemente el 1 nivel de primaria, su compañera de vida labora en la venta de medicamentos, sus propósitos son crecer en el mercado y predominar de forma que pueda establecerse obteniendo así los ingresos necesarios para ayudar a su familia en sus deseos esta el proporcionarle a su hijo un futuro de estudios donde pueda desempeñarse y también obtener una casa para su hijo para que el día de mañana no tenga problemas.


Su actividad económica es la venta de medicamentos como lo es: aspirina, sueros, antigripales y otros, el tiempo que tiene de poseer su negocio es de 4 años, la forma en como inicia es por cuenta propia y decide comenzar con 60 productos y la forma en como los realiza es de forma ambulante en las diferentes farmacias de León y con los ingresos que obtenía de las compras de estos medicamentos es que llega a incrementarse y es así como recurre a la ayuda de su esposa y ambos trabajan en lo mismo, el financiamiento es para capital de trabajo que será utilizado en la compra de mas producto por lo que necesita entregar los encargos que recibe y debido a al eficacia que el da por medio de sus servicios es que sus clientes lo prefieren, es por eso que dice estar agradecido con Fundación León 2000 y otras organizaciones por brindarle esta ayuda en este financiamiento.



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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