Melania Del Carmen Robleto

Melania is 58 years old. She has been selling food and refreshments for a number of years. She started her business with her children's help. She lives in Villa Reconciliación in the city of Managua. Her children are now adults and her business has grown thanks to the loans she has received from Afodenic. This is her seventh loan, which she will use to repair the electrical wiring of her home as it is giving her problems and she wants to avoid having her house burn down. Her goals are to continue growing her sales, improving her business locale and always give better customer service.

Translated from Spanish by Laure Kwon, Kiva Volunteer

Doña Melania tiene 58 años de edad, su negocio es la venta de comida y refrescos que desde hace varios años inicio con ayuda que sus hijos dieron. Reside en Villa reconciliación en la ciudad de Managua, sus hijos son mayores de edad, su negocio se ha incrementado con los fondos de crédito que Afodenic ha otorgado este es su séptimo crédito el cual va comprar materiales para reparar el sistema eléctrico de sus casa ya que le esta dando problema y quiere evitar que su casa se le queme. Su planes es poder seguir creciendo en venta, seguir mejorando el local de venta y poder dar siempre un mejor servivicio.




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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