Julio Cesar Lazo Lopez

Julio Cesar is 25 year old and married. He has worked for the Fundación José Nieborowski for five years as an assistant for Internal Audits. His wife works for Bancentro (the Credit Bank of Central America). She is accompanied by a cousin who lives with them. As Julio's work is performed according to regional standards, you can only find him on Sunday now that he is studying on Saturdays in Managua in order to enrich his curriculum and develop himself as a Public Accountant. He is requesting his first loan which will be used to extend his roof by 24 square meters (260 square feet), and then tile it. His intention in doing this is to make things more comfortable for his family.

Translated from Spanish by Daniel Kvaka, Kiva Volunteer

Julio Cesar es casado de 25 años de edad, trabajador de la Fundacion Jose Niebororswki, con 5 años de servicio como auxiliar de Auditoria Interna, su esposa trabaja en BANCENTRO, ella es acompañada por una prima que vive con ellos, como el trabajo de Julio es lo realiza a nivel de la region, solo se encuentra el dia domingo, ya que los sabados el estudia en Managua para enriquecer su curriculum y desarrollarse mejor como Contador Publico. Esta solicitando su 1er credito para utilizarlo en la ampliacion del techo y embaldozado de 24 mts cuadrados, esto lo hara con la intencion de dar comodidad a su familia.


Important Information About This Loan
Kiva recently posted a message regarding the “No Pago” movement in Nicaragua (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 had submitted a law to the government to create a moratorium on debt repayment. Initially it was unclear whether this law would pass, which would have had severe effects on the banking and microfinance industry in Nicaragua. However in the last month the executive branch rejected the law in its current form. The No Pago movement still exists but seems to have lost some steam. There is still a possibility that a law encouraging more restructuring of loans could pass next year, and microfinance institutions are voluntarily restructuring loans to delinquent borrowers, still increasing risk of lending in Nicaragua. However indications are that the situation is less dramatic than before.

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