Martha Veronica Gonzalez Altamirano

Status: Paying Back

$350
Loan Request
Pre-Disbursed : Sep 24, 2009
Listed: Oct 6, 2009
Funded: Oct 10, 2009
0% repaid

About the Country

Country:Nicaragua
Avg Annual Income:$3,636
Currency:Nicaragua Cordobas (NIO)
Exchange Rate:20.5996 NIO = 1 USD


About the Loan

Location: Managua, Nicaragua   Repayment Term: 11 months
(more info)
Activity: Farm Supplies   Repayment Schedule: At end of term
Loan Use: Comprar fertilizantes para aplicar al cultivo   Currency Exchange Loss: Covered
      Default Protection: Covered
La Joven Martha Verónica Altamirano , tiene la edad de 21 años habita en el barrio la Francia numero uno , junto a sus padres y hermanos , los planes hacia su familia es mejorar las condiciones de vida , ella desde hace cuatro años se dedica a trabajos del campo , ya que su abuelo le heredo para que se defendiera por si sola , los sueños de la Joven es poder llegar a ser doctora , actualmente trabaja como auxiliar de enfermería , agradece a la institución por la aprobación del préstamo ya que el primero obtuvo resultados mejores , lo cual le permitió vender en un buen precio la piña a la vez cancelo su desembolso en tiempo y forma . Con este préstamo comprara fertilizantes para aplicar al cultivo Se siente contenta ya que son muchos los agricultores que se benefician con estos programas dirigidos al sector agrícola.


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

Lenders to this entrepreneur

Kaitlin
Mississauga, Ontario
Canada

Marsha
New York, NY
United States

Ben
Englewood, CO
United States

Laurent D
Brussels,
Belgium

Karl
Perkasie, PA
United States

Mike
Barnet, Hertfordshire
United Kingdom

Brian
Honolulu, HI
United States

Izzy
Brooklyn, NY
United States

Adam
Sharpsville, PA
United States

Cheryl
Langford, British Columbia
Canada



Top Lending Teams for this entrepreneur


Team Europe
Local Area
1444 Members

British Columbia, Canada
Local Area
178 Members

University of Hawaii
Colleges/Universities
6 Members

Kiva Capitalists
Common Interest
104 Members

New York City
Local Area
42 Members

Journal entries for Martha Veronica Gonzalez Altamirano


Loan has been disbursed
 
Entrepreneur: Martha Veronica Gonzalez Altamirano
Location: Managua, Nicaragua

Thank you for your loan. It has been disbursed to Martha Veronica Gonzalez Altamirano by AFODENIC in Nicaragua. We are excited to watch this business grow. Over the 9 months of this loan, AFODENIC will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Managua, Nicaragua
Oct 11, 2009
Comment on this entry

Kiva Help Repayment Schedule for Martha Veronica Gonzalez Altamirano

  Expected Repayments Actual Repayments Comments
August 2010 $350.00 Available Aug 1