Glaris Elita Williams Bodden

The small business owner Glaris Elita Bodden is 57 years old and comes from Bluefields and the creole ethnic group. She has 2 children and for over 25 years has sold vegetables at this city's municipal market. Due to her knowledge of the creole language and because she is known for being a native of the region, her stand is visited often by people of creole descent. It is important to note that not many people of creole descent work in the sale of vegetables. These products are in high demand in this city since it is customary for its inhabitants to consume plenty of vegetables.

She needs to purchase the following: 40 units of cabbage at US$ 1 per unit, 500 units of bananas at US$ 0.05 per unit, 500 units of plantains at US$ 0.16 per unit, 100 lbs of onions at US$ 0.42 per lb, 200 units of coconut at US$ 0.42 per unit , 5 sacks of yucca at US$ 8 each sack, 3 sacks of quequisques at US$ 24 per sack and 2 sacks of potatoes at US$ 48 per sack.

Translated from the Spanish by Libertad Leal, Kiva volunteer.

La microempresaria Glaris Elita Williams Bodden tiene 57 años de edad, es originaria de Bluefields, de la etnia creole, es acompañada, tiene dos hijos y se dedica desde hace mas de 25 años a la venta de verduras en el mercado municipal de esta ciudad. Este negocio es bastante visitado por personas de la etnia creole por la facilidad que tiene de la lengua creole doña Glaris y por que es reconocida por ser nativa de la region. Hay que señalar que no son muchas las personas de la etnia creole que se dedican a la venta de verduras. Este producto es consumido mucho en esta ciudad por la costumbre de sus habitantes de comer verduras. Necesita comprar lo siguiente: 40 unidades de repollo a US$ 1 dolar cada unidad, 500 unidades de banano a US$ 0.05 cada unidad, 500 unidades de platanos a US$ 0.16 cada unidad, 100 libras de cebolla a US$ 0.42 cada libra, 200 unidades de coco a US$ 0.42 cada unidad, 5 sacos de yuca a US$ 8 cada saco, 3 sacos de quequisques a US$ 24 cada saco, y 2 sacos de papas a US$ 48 cada saco.


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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