Jessica Del Socorro Echáverry Márquez

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Jessica del Soccorro is 34 years old, single, and has a one year old son. It's worthy of mention that she lives with her family, who help by caring for her son while she works.

Jessica has an unusual business, a mini-cyber cafe which is located in the house where she lives. Nevertheless, her principal business is converting documents to digital form. She has been doing this for 13 years. There is a lack of employment in her country and that led her to resort to this business. Now that she has more computers, she decided to open her little cyber cafe.

Her loan will be invested in buying paper and other supplies for her text converting business.

Her dream has always been to offer her son good economic conditions, which she hopes to achieve by investing more in her business. Even if she should remain unemployed, she would be able to provide necessities for her son.

Translated from Spanish by Harold Sims, Kiva Volunteer

La señora Jessica del Socorro tiene 34 años de edad, es soltera y posee 1 hijo, de un año de edad. Cabe señalarse, la señora habita con su familia, los cuales le ayudan a cuidar a su hijo mientras ella trabaja. La señora tiene un negocio peculiar, ya que ella posee un mini cyber ubicado en su casa de habitación, sin embargo su negocio principal es el levantado de texto. Ya ella tiene trece años de dedicarse a este negocio, el cual dio inicio debido a la falta de empleo que hay en nuestro país, por lo que recurrió a establecer un negocio de levantado de texto, ahora posee más computadoras, por lo que decidió establecer el pequeño cyber. Su crédito será invertido en la compra de papelería para el levantamiento de texto, además que desea comprar algunos consumibles de su lugar de trabajo. El sueño siempre ha sido brindarle una buena condición económica a la vida de su hijo, el cual pretende lograr invirtiéndole más a su negocio, para que aunque quedara sin trabajo pueda tener de donde brindar la manutención de su hijo.




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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