Carlos Martinez A Guilar

Carlos Martínez Aguilar is a native of the city of Bluefields. He is 61 years old. For the past 9 years, Mr. Martínez has been the owner of a stand where he sells radios, knives, agendas, padlocks and irons, among other products. His customers are men and women of all ages who prefer to buy from him because of the variety of products he offers. Currently he needs to buy 5 radios at $16.00 dollars per unit, 3 watches at $1.00 dollar per unit, 2 irons at $12.00 dollars per unit, 3 boxes of padlocks at $26.00 per box, 5 agendas at $3.00 per unit, 6 dozen knives at $25.00 per dozen and 3 dozen wallets at $25.00 dollars per dozen. With this investment he can increase his earnings, as these are the products which are most in demand.

Translated from Spanish by Molly Puglisi, Kiva volunteer.

El Sr. Carlos Martínez Aguilar es originario de la ciudad de Bluefields, tiene 61 años de edad. El Sr. Martínez hace 9 años es propietario de un tramo donde vende radios, cuchillos, agendas, candados, planchas, entre otros productos, sus clientes son hombres y mujeres de todas las edades que lo prefieren por ofrecer una variedad de productos, en estos momentos necesita comprar 5 unidades de radios a $ 16.00 dólares la unidad, 3 unidades de reloj a $1.00 dólar la unidad, 2 unidades de planchas a $ 12.00 dólares la unidad, 3 cajas de candados a $ 26.00 dólares la caja, 5 unidades de agenda a $ 3.00 dólares la unidad, 6 docenas de cuchillos a $ 25.00 dólares la docena y 3 docenas de carteras a $ 25.00 dólares la docena, con esta inversión podrá aumentar sus ganancia ya que estos productos tienen mayor demanda.


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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