Juana De La Cruz Garcia

Juana de la Cruz García is 41 years old and single. She has two children. Her older son is 18 years old and is repeating his fifth year of secondary school. Her younger son is 14 years old and in his third year of secondary school. Juana would like to maintain an active, secure business so that she can give her sons a promising future. She hopes that her sons will graduate and wants to provide them with a house that they can freely enjoy.

Juana has been making and selling tortillas for 10 years. She started this business buy herself with some relatives who live on a farm. She started making tortillas in her home and neighbors would come by to purchase them. Later she decided to establish her business to sell her tortillas more widely. Juana will use the loan to buy firewood, now that a cart costs 840. She'll also buy corn in 100kg bags because its more feasible, and thereby generate income for her family.

Translated from Spanish by Sarah Bishop, Kiva Volunteer

La señora Juana de la Cruz García tiene la edad de 41 años, su estado civil es soltera esta señora tiene 2 hijos su hijo mayor tiene la edad de 18 años que cursa recientemente el 5 año de secundaria y su otro hijo de 14 años cursa el 3 año de secundaria, en sus propósitos esta mantener activo su negocio de forma segura y así podrá darle a sus hijos un futuro prometedor por lo que en sus deseos esta que sus hijos logren graduarse y proporcionarles una vivienda donde ellos puedan gozar de plena libertad .



El tiempo que tiene de poseer este negocio es de 10 años, su actividad económica es la venta y elaboración de tortillas, ella inicia este negocio por iniciativa propia por unos parientes que residían en una finca y ella empezó la elaboración de las tortillas en su casa de habitación y las vecinos llegaban a pedirle tortillas por lo que mas tarde decide poner una venta de tortillas y es así como obtiene este negocio, el motivo del financiamiento es para capital de trabajo por lo que necesita realizar la compra del maíz, leña ya que la carreta vale 840 y también realiza la compra de maíz por quintal por lo que de esta forma le resulta mas factible y así podrá generar ingresos para 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.

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