Luis Andres Caceres Moreno

Luis Andrés Cáceres Moreno is 33 years old and is married. Luis has three children. His eldest son is 14 years old and is a sophmore in high school, his other son is 13 years old and a freshmen, and his youngest son is 10 and in the sixth grade. His partner is self-employed. His goals are to invest more in his business (most of his customers are children.) Don Luis wants to guarantee economic stability for his children as the recent situation is very difficult. He is a person who has always worked hard to earn a living, doing whatever is necessary to earn his daily bread. Don Luis's dreams are to improve his family's quality of life because he doesn't want to see his children go without necessities. In this way they wouldn't have economic problems and his children would be able to get a better education. He would like his children to study abroad since education is very good and his children would take advantage of the opportunity to study.

Don Luis earns a living by providing video game service. It's located where the billiards were 3 1/2 to the east. He's been in business for three years. Don Luis started this because he was out of work and found himself in the shameful position of his wife paying the bills. This is the reason he decided to establish a business that will generate income for his family. He decided to establish video game service for his neighbors, who are mostly children. It was very helpful that his children played [video games]. This helped him learn how to operate video games much faster as well as learning what his customers were asking for. This began as a search for TVs and he got it with the help of his family who supported him and his idea. He began with two TVs, so his customers had to wait until time was up before they could begin playing. With the little bit he has earned, he has been able to buy two more TVs and supply the huge demand. In this way that he has been able to stay in this business that he also enjoys. The funding is for working capital to invest in buying equipment and discs to provide better service to his customers.

Translated from Spanish by Shelly Hubman, Kiva Volunteer

Luis Andrés Cáceres Moreno tiene la edad de 33 años su estado civil es casado, Luis tiene 3 hijos sus edades son de las siguientes su hijo mayor de 14 años cursa el 2 año de secundaria su otro hijo de 13 años cursa el 1 año de secundaria y su hijo menor de 10 años cursa el 6 grado de primaria, su compañera de vida labora por cuenta propia, sus propósitos son de darle mas inversión a su negocio por lo que sus principales clientes son los niños, los deseos de Don Luis de garantizar a sus hijos una estabilidad económica ya que la situación que tenemos recientemente esta muy difícil pero el ha sido una persona quien ha luchado para ganarse el pande cada día de cualquier manera, los sueños de Don Luis son de mejorar la calidad de vida de su familia ya que no le gustaría que sus hijo pasen necesidades y así no tendrían problemas económicos y sus hijos obtendrían una mejor educación ya que le gustaría que sus hijos estudien en el extranjero por lo que la enseñanza es muy buena y sus hijos aprovecharían la oportunidad de estudiar.

La actividad económica de Don Luis es un servicio de video juegos, la ubicación de su negocio en donde fueron los billares 3 ½ al este, el tiempo que tiene de poseer su negocio es de 3 años, Don Luis da inicio por que no tenia trabajo y al verse en la penosa posición de que su esposa estaba pagando las deudas de la casa por lo que el decide establecer un negocio que le brindara ingresos para su familia por lo que decide establecer un servicio de video juegos para sus vecinos que en su mayoría son de niños por lo que esto fue una gran ventaja ya que sus niños jugaban por lo que el aprendió mucho mas rápido el manejo de sus videos juegos y lo que sus clientes solicitaban por lo que empezó en busca de los televisores y lo consiguió con la ayuda de su familia quien lo poyo en esta idea y dio inicio con 2 televisores por lo que sus clientes tenían que esperar que el tiempo se acabara para empezar a jugar por lo que con las pocas ganancias obtenidas logra comprar 2 televisores mas y darle solución a la fuerte demandad que poseía y es así como logra quedarse con este negocio que además le gusto, el financiamiento es para capital de trabajo es invertirlo en la compra de equipos y discos para brindar una mejor atención 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

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