Alfredo Antonio Amador

|

More

In the wholesale market in Managua, Mr. Alfredo Antonio works hard in the grocery business selling different types of products that are gladly sold to customers that visit there. It is important to note that in spite of the setbacks of the difficult economic situation, he has continued to move forward. For this reason today he has much desire to improve his grocery business. He is asking for a loan from Ceprodel to buy more products for his business. In this way he will provide revenue for his business.

Translated from Spanish by Esther Levandoski, Kiva Volunteer

En el Mercado Mayoreo de la ciudad de Managua, el señor Alfredo Antonio Amador se dedica a laborar arduamente en su negocio de pulpería vendiendo diferentes tipos de productos los cuales comercializa muy alegremente en su localidad donde es visitado por sus clientes.

Es de importancia destacar que a pesar de las difíciles situaciones económicas que ha atravesado, ha logrado salir adelante y es por esta razón que hoy en día tiene muchas más ganas de mejorar su pulpería y para ello ha solicitado un crédito en Ceprodel para dar lugar a la compra de los productos para surtir el negocio y así percibir mejores ingresos en su negocio.



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