Emiliano Sanchez Hernandez

Emiliano is 56 years old and has worked in agriculture for more than 35 years. He has several plots of land where he grows oranges, pineapples, plantains and coffee. He works all day in the fields taking care of his crops, fertilizing the land and spraying insecticides. When the pineapple harvest is ready, or the coffee, Emiliano hires people to help so he can get his products to the markets of Ticuantepe and Managua. Emiliano needs to purchase specific materials in order to maintain his crops for a successful pineapple harvest in May.

Don Emiliano, tiene 56 años, es un agricultor de más de 35 años de experiencia en trabajos agrícolas, posee unas manzanas de tierra en donde tiene productos como naranjas, mandarinas, piñas, plátanos y café. Todo el día trabaja en el campo cuidando y dándole mantenimiento a los cultivos, él mismo se encarga de fertilizar la tierra, abonarla y rociar insecticidas que puedan dañar el cultivo. Cuando está por salir la cosecha de piña así como los granos de café, el señor contrata personas que le ayuden a agilizar todo el proceso de cosecha y de esta manera logra comercializar sus productos en los mercados de Ticuantepe y Managua. El señor necesita comprar ciertos insumos para el mantenimiento del cultivo de piña, temporada de cosecha que sale en mayo.

Translated by Kiva Volunteer, Emily Charnes

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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