Edwing Antonio Campos Gutierrez

Edwin Campos, 36, lives in the Villa Reconciliación neighborhood in the capital city of Managua. He and his wife have three children; they are 6, 17, and 19 years old. The children go to school. His wife works as an elementary school teacher to help the household.

Edwin has a taxi. He uses it every day to travel the streets of Managua in order to support his family, even though he gets very tired from his travels looking for customers. He has worked as a driver for four years. Before that he worked for a private business. But, they cut back on personal, and with the liquidation he bought the taxi.

He will use the loan to invest in replacement parts and maintenance for his taxi to be able to give his customers good service.

He is grateful to the institution for the support of loans and terms because he will be able to make the improvements.

His goal is to be able to have another taxi to get better profits.

Translated from Spanish by Ginny Kalish, Kiva Volunteer

Don Edwin Campos tiene 36 años de edad, reside en el barrio Villa Reconciliación en la capital de Managua, su esposa le tiene tres hijos de 6,17 y 19 años de edad, los cuales estudian y ella trabaja como docente de primaria para apoyar a su hogar. El señor Edwin es dueño de una unidad de Taxi el cual día a día recorre la ciudad de Managua, para obtener el sustento de su familia, aunque cansado por la trayectoria que hace buscando cliente. Tiene cuatro años de trabajar como cadete, anteriormente trabajaba en una empresa privad, pero al recortaron personal y con su liquidación compro el taxi. Con esta solicitud de crédito lo invertirá en repuestos y mantenimiento de la unidad de taxi para dar un buen servicio al usuarios. Da las gracias a la institución por el apoyo con sus préstamos a plazo ya que podrá realizar las mejoras. Su meta es poder tener otra taxi para obtener mejoras utilidades.




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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