Juan Carlos Castellon

Juan, 44, is married and lives in the Villa Reconciliacion neighborhood. His wife works as a maid; she gets up very early to do her own housework, take care of her husband's and their four children's needs, and then she goes off to work. Two of the children go to elementary school in the morning, and the other two attend middle school in the afternoon.

Juan's business is a TV, radio, stereo repair shop. He also has a delivery service on the side to increase his family income. Juan used to work in welding, and after taking an electronics course, he got the idea of starting the repair business eighteen years ago, and it has become the main source of income for his family.

He would like to reach more customers for his business, but the purpose for this loan is to finish building a gated porch to stay a little safer from theft and vandalism.

Translated from Spanish by Maria B., Kiva Volunteer

El Sr. Juan tiene 44 años de edad, es casado, y habita en el barrio Villa Reconciliación. Su esposa trabaja en una casa particular en servicios domésticos, quien se levanta en horas de la mañana para poder hacer sus labores en su hogar, atender a su esposo e hijos ya que estudian dos por la mañana en la primaria y los otros dos cursan la secundaria por la tarde, y después ella sale para su trabajo. El negocio de don Juan, es la reparación de radios, TV, equipos, entre otros, también brinda servicio de acarreo, y así se ayuda con otros ingresos para cubrir los gastos del hogar, lleva dieciocho años en el negocio, desea tener mas publicidad para captar mas clientes, el trabajaba en soldadura metalúrgica y estudio un curso de electrónica así fue que tuvo la idea de tener su propio negocio el cual ha sido una fuente de ingreso para subsistir con su familia. La solicitud de préstamo es para infraestructura va a terminar de construir su porche, hará el enverjado, para tener un poco mas de seguridad ante la delincuencia.


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.


About Housing Loans
Many poor families are financially unable to purchase a house that meets their needs. Housing loans funded on Kiva give families access to capital to improve their homes and an opportunity to pay loans back at a pace that they can handle. The housing and small business loans featured on Kiva share a common purpose: they alleviate conditions of poverty and enable families to lead more stable lives. Learn more

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