Jackeline Argentina Mairena Carache

Jackeline Mairena is 31 years old. She runs a fast food business, offering her products from a push cart. She finds it very tiring work and she has not managed to find a fixed location. She has been selling for the last 3 years. She established herself with the serverance pay she received from her past employment. She is married, and has two children of 2 and 5 years of age. Her husband sells vegetables to stores. She lives in the Raspan Norte district of the capital city Managua. Her goal is to finish building her house, especially to finish installing the bathroom. She wishes to provide her family with a better life, with a safe home to live in and hygenic conditions. With this loan she will have the sewer built to put in place a bathroom and invest the rest in the renovations. She is grateful to the organization, especially because all this will bring happiness inthe her children's lives, and will provide them with hygenic living conditions.

Translated from Spanish by Erika Lindig, Kiva Volunteer

Doña Jackeline Mairena de 31 años de edad, su negocio es la venta de fritanga y rifas el cual hace ambulante y es cansado ya que aun no logra tener un local fijo , lleva tres años en las ventas, logro ponerlo con liquidación de su trabajo anterior en la zona franca, casada y con dos hijos de 2 y 5 años de edad, su esposo vende verduras en los departamentos, y reside en el barrio Raspan Norte en la capital de Managua, sus anhelo es poder terminar de hacer su casa ya que es de zinc y sus servicio es de letrina, lo cual desea darle a su familia una mejor vida, con seguridad de tener una vivienda mejor y un servicio higiénico. Con este préstamo instalara las aguas negras para instalar un inodoro y hacer el arranque de su casa hasta donde ajuste. Da las gracias a la institución ya que traerá alegría a sus hijos y mejores condiciones higiénicas.


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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