Juan Ramon Cano Escobar

Juan Ramón Cano is a gentleman who has always stood out for his hard work, and providing for his household is one of the main characteristics he values. Today, he works in gardening since this activity allows him to earn income for his development. Currently his home is in poor condition. Very concerned, he has requested a loan in order to make repairs on the roof and floor and in this way his family can continue to benefit from his work. He hopes that his loan is approved and thus please his family.

Translated from Spanish by Marty Greenstein, Kiva Volunteer

El señor Juan Ramón Cano es un caballero que siempre se ha destacado por trabajar mucho y llevar el sustento a su hogar siendo uno de sus principales características el velar por su vivienda. Hoy en día trabaja en el área de jardinería siendo esta actividad la que le permite obtener los ingresos para su desarrollo.

Actualmente la vivienda del señor Cano se encuentra en mal estado por lo que muy preocupadamente ha solicitado un crédito para hacer reparaciones al techo y al piso y de esta manera continuar beneficiando a su familia. Espera en que su crédito le sea otorgado satisfactoriamente y así lograr la satisfacción de su familia.





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.


About Housing Loans
Many poor families are financially unable to purchase a house that meets their needs. Housing loans funded on Kiva give families access to capital to improve their homes and an opportunity to pay loans back at a pace that they can handle. The housing and small business loans featured on Kiva share a common purpose: they alleviate conditions of poverty and enable families to lead more stable lives. Learn more

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