Manuel De Jesus Martìnez Cruz

He has worked for 17 years and the director of the Rafaela Herrera school in the La Fonseca neighborhood, located 30 km from Nueva Guinea. He has three children, the oldest daughter is 20 years old and is in her third year of university study, his younger son is 14 years old and is in the fourth year of secondary education and his youngest son is 10 years old and in the fifth grade.

With a lot of effort, he has managed to provide for his children. His wife also works as a teacher and ,as such, contributes to covering the household expenses. His dream is that his children continue studying, having a decent home with better conditions, and job stability to continue providing for his family.

Translated from Spanish by Donald Allen, Kiva Volunteer.

El Sr. Manuel de Jesús está solicitando su crédito para invertirlo en mejora de su vivienda como es repellar y ponerle la ceramica a la casa.

Desde hace 17 años trabaja como director de la Escuela Rafaela Herrera en colonia la Fonseca a 30 km de Nueva Guinea. Tiene 3 hijos, la hija mayor de 20 años estudia su tercer año en la Universidad, su otro hijo tiene 14 años estudia su 4to año de educación secundaria y su hijo menor de 10 años estudia 5to grado.

Con mucho esfuerzo ha logrado sacar a sus hijos adelante, su esposa trabaja como docente y aporta con los gastos familiares, su sueño es que sus hijos sigan estudiando, tener una vivienda con mejores condiciones y estabilidad laboral para así ayudar a su familia.


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.