Betty Betzaida Blandon Salgado

Sra. Betty Blando lives in a poor neighborhood in Masaya. She has worked the past 10 years as a janitor and spends her free time sewing. Betty previously worked full-time producing beautiful embroidered linens, but she did not earn enough money to cover her monthly fixed expenses. Therefore, she had to find a better paying full-time job.

She dreams of finishing the construction of her home, situated on the land that her parents provided for her and her family to live. Betty does not have the money needed to pay for the construction work. She used her first loan to purchase building materials, such as stone and sand. Now she is requesting a second loan to buy cement blocks and iron. This project will provide better living conditions and give her family privacy. Doña Betty has a daughter who is dependent on her. Her husband works as a security guard to help pay the household expenses.

Translated from Spanish by Ronan Reodica, Kiva Volunteer

La señora Betty Blandon , habita en un barrio pobre de Masaya , se dedica desde hace diez años como conserje, y sus horas libre trabaja en la costura ya que anteriormente se dedicaba ala costura y hacia bonitas sabanas bordadas pero como no era dinero fijo todos los meses opto por trabajar fijo y dejarlo como segunda opción la costura en sus tiempos libres sus sueños es poder ver terminada su vivienda , en el terreno que sus padres le brindaron para que habitara con su familia , ya que para realizarlo no cuenta con el dinero necesario para hacer la obra de construcción , con el primer crédito logro comprar parte de materiales como piedra y arena , ahora con este segundo desembolso lo va a invertir en bloques y hierro , con este proyecto que ella tiene le va a brindar mejores condiciones de vida y sobre todo va poder constar con una privacidad , doña Betty tiene una hija a su cargo , su esposo labora como guarda de seguridad para apoyarla con los gastos del hogar


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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