Rosa Marlenis Márquez

Doña Rosa Marlenis Márquez is a woman who makes a living by selling food. She started gaining experience in this line of work when she was young, since she previously worked with a woman who made food. She tells us that she started her business when she noticed that her husband's income wasn't enough to support their nuclear family. This is why she started selling food only at night at in their home, and she says that this helped her because her husband later abandoned her when their children were still small.

Doña Rosa has worked with CEPRODEL for four years, and she feels very satisfied with the credits offered to her. They came at opportune moments, helping her to supply the necessities to her business. She has a record of 21 credits.

Translated from Spanish by Tanya Harper, Kiva volunteer

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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