Maria Del Socorro Estrada

Mrs. Maria del Socorro Estrada is 38 years old. She is married and has one son who is ten year old. Her son is in the third grade and her husband works as a livestock farmer. Her goal is to increase her income and to be able to overcome the difficult economic situation in her country. Her dream is to be able to give her family a more stable life, since there are many problems in her family and she wishes that some day everyone will be able to live in the same home.Her dream is also to improve the quality of life for her family since everyone depends on her to pay for the costs of supporting the family. Her husband helps the family as much as he can. She really wishes the best for her son and hopes that he will become an honorable member of the community.

Mrs. Maria's main economic activity is selling general merchandise. She is a traveling salesperson. She has had her business for the past nine years. She decided to start her business because she needed to find a way to provide for her family. She began by selling all types of clothing, but she didn't have the funds to buy enough items to sell, so she started by selling a few clothing items like underwear, jeans, and shirts for teens. She started selling to her neighbors and friends, but then moved on to markets where she was able to find more costumers. Everyday she works hard to obtain more merchandise to sell because she liked making a living this way. Now she wants to increase her inventory of merchandise even more because her clothing is in high demand. She wants this loan to be able to buy cosmetics, children's clothes, shirts for teens, men's jeans and other products that she can sell. She will travel to Managua where she can purchase the items at the lowest cost. (Translated by Elliot and Mariela of San Roque High School)

Translated from Spanish by Jay Osborne, Kiva Volunteer

La señora María del Socorro Estrada tiene la edad de 38 años, su estado civil es casada, Doña María tiene 1 hijo de la edad de 10 años y cursa el 3 grado de primaria, su compañero de vida labora como ganadero, sus propósitos son de aumentar mas sus ganancias para sobrellevar la difícil situación del país ya que tiene que responsabilizarse por la manutención de sus hijos, sus sueños son de poseer estabilidad familiar por lo que hay muchos problemas entre ellos y le gustaría que algún día todos pudieran vivir unidos en una misma vivienda, sus deseos son de mejorar la calidad de vida de su familia ya que todos dependen de Doña María para realizar los gastos de su vivienda y su esposo le ayuda en lo que puede para que así juntos puedan sufragar los gastos de la familia también en sus deseos esta que su hijo pueda preparase para que sea un hombre que pueda servir con honor a su país.

La actividad económica a la que Doña María se dedica es la venta de mercadería en general, la ubicación de su negocio es de manera ambulante, el tiempo que tiene de poseer este negocio es de 9 años, Doña María dio inicio por motivo propio ya que tenia que buscar la forma de mantener a su familia y decide realizar la compra de ropa ya que no poseía el capital suficiente para comprar los suficientes productos y dio inicio con: ropa interior, pantalones y camisas para jóvenes por lo que recurrió a sus vecinos y amigos y mas por lo que mas tarde decide recurrir a los mercados para ofrecer sus productos ya que es aquí donde obtiene mas afluencias de clientes y cada día luchaba por obtener mas mercadería para mantener este negocio por lo que le gusto como medio de vida y como obtención de sus propósitos y mas tarde decide incrementar mas en su mercadería por lo que sus clientes le promocionaban una alta demanda, el financiamiento es para capital de trabajo propuesto para la compra de mas productos como: cosméticos, ropa para niños, camisas para jóvenes, pantalones para caballeros y otro productos por lo que también viaja a Managua en busca de lo mas favorable.


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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