Arnulfo Nicolás Mendoza Cheves

Mr. Arnulfo Nicolás Mendoza Chavez is 51 years old and is married. This gentleman has four children who have the following ages: his oldest son is 30 and works for himself; his other son is 27, is a profesional, and works for himself; another son is 23 and his youngest son is also 23. His life companion works as a homemaker.

His plans are to maintain his active business in order to provide for himself with this work. His goals are to obtain another vehicle for working and not only have the income which he earns from his taxi, but with this other one he would be able to have additional income. The economic activity in which he works is taxi driver. He has had this business for nine years. He started the business out of the need for a job that would provide him income since he had a family to support and decided to go into the business of driving a taxi. In the beginning he did not know León city very well, which was necessary to take the pasengers to the destination they requested. But he was able to adapt to the new life and acquire experience in this field.

Since there is a lot of competition in the business these days, the financing is for working capital he needs to invest in his transport vehicle, since he has to make needed improvements like tires, brakes, and other things that will help him provide better service to his clients.

Translated from Spanish by Daniel Burke, Kiva Volunteer

El Señor Arnulfo Nicolás Mendoza Chávez tiene la edad de 51 años, su estado civil es casado, Este Señor tiene 4 hijos de los cuales tiene las siguientes edades su hijo mayor de 30 años y trabaja por cuenta propia, su otro hijo de 27 años de edad es un profesional y trabaja por cuenta propia, su hijo de 23 años y su hijo menor de 23 años de edad, su compañera de vida labora como ama de casa, sus propósitos son de mantener su negocio activo para poder mantenerse con este trabajo, sus deseos son de obtener otra unidad para trabajar y no solo adquirir los ingresos de lo que el gana con su taxi ya que con este otro podría tener un respaldo de ingreso.

La actividad económica a la que se dedica es taxista, el tiempo que tiene poseer su negocio es de 9 años, el inicia este negocio por la necesitaba un trabajo que le proporcionara ingresos ya que tenia una familia que mantener y decide ingresar al negocio de manejar un taxi al principio no conocía muy bien león por lo que esto era necesario para llevar a los pasajeros al destino que ellos pedían y fue así como logro adaptarse a esta nueva vida y adquiere la experiencia en este campo por lo que hoy en día hay mucha competencia en este negocio, el financiamiento es para capital de trabajo por lo que tiene que invertir en su unidad de transporte ya que tiene que proporcionarle las debidas mejorías como lo es llantas, frenos y otros por lo que este le ayudara a dar un mejor servicio a sus clientes.



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

Subscribe