Brenda Patricia Stevens Hernandez

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33-year old Señorita Brenda Stevens lives in the López neighbourhood of the capital city Managua. She is single and lives with her mother. Her short-term plan is to improve her standard of living and to continue helping her mother. This young woman shows the enterprise needed to reach her goals as she has run her own business selling clothes, shoes and other personal items for seven years. She has big plans for the development of the business, with a chain of stores among her future plans. She is grateful to Kiva partner, Afodenic, for opening the door to her and giving her the opportunity to ask for a loan which she will use to buy merchandise such as cosmetics, jewellery, shoes, clothing, as well as items for women like shawls and belts. From small steps big projects grow.

Translated from Spanish by Jane Agg, Kiva Volunteer

La Señorita Brenda Stevens tiene 33 años de edad, vive en el Reparto López en la capital de Managua, soltera, vive con su madre. Con planes a corto plazo de mejorar su nivel de vida y seguir ayudando a su mamá. Joven con iniciativa para alcanzar sus objetivos ya que desde hace siete años tiene su propio negocio de venta de ropas, zapatos y otros productos de uso personal, con proyecciones grandes de desarrollo para su negocio, ya que tener una cadena de tiendas esta dentro de sus planes a futuros. Le da las gracias Afodenic por la oportunidad que se le brinda en abrir su puerta y permitirle solicitar un préstamo el cual será utilizado para comprar mercaderías como: cosmético, joyas, zapatos, ropas y articulo para damas como: pañoletas, cinturones. Siendo los pequeños pasos para cumplir sus proyectos.





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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