Julia Petrona Mairena

Julia Petrona Mairena is 40 years old and she is a single Mom. She has 4 children in her care. She runs a business selling general merchandise. She has been running this business for more than 5 years and it is important to note that she carries out her business from door to door. She started out with the goal of covering the family's expenses and to help her husband so that together the family will be taken care of. Julia brings cosmetic products to customers in companies, schools, and stores etc. Julia's dream is to keep up her business and to have greater resources to invest in her inventory. She also dreams to making improvements to her home so that her children will have a decent place to live in the future.

Translated from Spanish by Erika Lindig, Kiva Volunteer

Julia Petrona Mairena tiene la edad de 40 años, es una madre soltera. Tiene 4 hijos a su cargo. La actividad económica es la venta de mercadería en general. Hace mas de 5 que se dedica a este negocio, pero importante resaltar que es un negocio ambulante, que nació con el objetivo de apoyar en los gastos de su familia y así ayudar a su esposo para que juntos su familia salga adelante, la metodología que Julia utiliza es brindar los productos de cosméticos a personas que trabajan en instituciones, colegios, tiendas entre otros. Julia tiene como sueño mantener su negocio y lograr obtener más recursos para invertir su inventario y también proporcionarle mejoras a su vivienda para que sus hijos tengan un lugar decente donde vivir el día de mañana.


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.

Subscribe