Cristian Carolina Rocha Sánchez

This micro-entrepreneur, Cristian Carolina Rocha Sánchez, is 30 years old. She is married and has two children. Her oldest son is six years old and has recently started the first grade. Her other son is 14 months old and doesn't study. Her husband works controlling the time for drivers' routes. Her desires are to actively maintain her business and thereby improve her situation in order to take care of her children because she needs them to get ahead so that in the future they can manage their own needs.

She wants to have a more suitable place so that her clients can better appreciate her products. Her business is selling handicrafts and imitation jewelry and she's located in the central park of León. She has had the business for 10 years. The way in which started is because of her mother because her mother was the one that had control of the business. Later she decided to become independent and create her own business so she started with an initial investment of US$300 that she used to buy one dozen T-shirts, three beach chairs and some jars that had "Nicaragua" on them. As time passed, she decided to increase the number of products. The financial assistance is for working capital that is needed to purchase key chains, typical dresses, beach chairs, hammocks and bags. These types of products are less expensive in Masaya.

Translated from Spanish by Hugh Yarbrough, Kiva Volunteer

Esta microempresaria Cristian Carolina Rocha Sánchez tiene la edad de 30 años, su estado civil es casada tiene 2 hijos de los cuales su hijo mayor tiene la edad de 6 años y cursa recientemente el 1 grado de primaria y su otro hijo de 14 meses no estudia, su esposo labora como controlador del tiempo de las rutas, sus propósitos son de mantener su negocio de forma activa y así superarse para mantener a sus hijos ya que necesita sacarlos adelante para que estos en un futuro no pasen necesidades sus deseos son de obtener un lugar mas adecuado para que sus clientes puedan apreciar mejor sus productos.

Su actividad económica es la venta de artesanía y bisutería que esta ubicado en el parque central de león, el tiempo que tiene de poseer este negocio es de 10 años, la forma en como inicia este negocio es por su mama ya que su Mama era la que tenia el control de su negocio y mas tarde decide independizarse obtener su propio negocio Ella inicia con la inversión de 300 $ dólares netos que fueron destinados para la compra de de 1 docena de camisetas, 3 sillas playeras y algunos jarros donde aparecía Nicaragua y al paso del tiempo decide incrementar mas su productos y es así como obtiene este medio de trabajo, el financiamiento es para capital de trabajo por lo que necesita realizar la compra de llaveros, vestidos típicos, sillas playeras, hamacas, bolsos ya que todo este tipo de producto lo encuentra en Masaya de una forma mas factible.




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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