Roman Alberto Miranda Jimenez

Roman is a small-scale rice grower who is well-known in his community because of his dedication to this crop. He lives on the farm with his family, which is comprised of two children, ages 6 and 10, who attend the local elementary school. Aside from her household duties, his wife also works as an elementary school teacher. Mr. Roman will use this loan to participate as a member in the construction of a rice threshing machine, thus he can reach his dream as a rice grower.

Translated from Spanish by Elizabeth Casian, Kiva Volunteer

Roman es un pequeño productor arrocero reconocido en su comunidad por su dedicacion a la siembra de este cultivo, habita en la finca junto a su familia compuesta por sus dos hijos de 6 y 10 años que estudian la primaria en la escuela de la comunidad. La esposa ademas de atender el hogar tambien da clase como docente de primaria. Don Roman con este credito tiene la intencion de participar como socio de la construccion de un trillo arrocero y asi alcanzar su sueño como productor de cultivo de arroz.


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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