{"id":42645,"date":"2015-08-24T13:50:30","date_gmt":"2015-08-24T17:50:30","guid":{"rendered":"https:\/\/staging21.finca.org\/uncategorized-en-ca\/nicaragua-teaches-a-lesson-in-the-power-of-micro-loans"},"modified":"2015-08-24T13:50:30","modified_gmt":"2015-08-24T17:50:30","slug":"nicaragua-teaches-a-lesson-in-the-power-of-micro-loans","status":"publish","type":"post","link":"https:\/\/finca.org\/en-ca\/nicaragua-teaches-a-lesson-in-the-power-of-micro-loans","title":{"rendered":"Nicaragua Teaches a Lesson in the Power of Micro Loans"},"content":{"rendered":"<p>Matthew Glynn of <em>The Independent<\/em> travels to Nicaragua to meet FINCA founder Rupert Scofield and discovers how FINCA&#8217;s financial services helps to change the lives of low-income entrepreneurs.<\/p>\n<p>Among the FINCA clients he meets is Dona Julia Lilliam Ramirez, who runs a grocery store.<\/p>\n<p>&#8220;A client of FINCA for 19 years, she used her first loan to buy cleaning products in Managua to sell in the nearby villages,&#8221; Glynn writes.\u00a0 &#8220;She now uses the proceeds of her business to feed poor children in the neighborhood. &#8216;Gracias a dios, gracias a dios primero, y Rupert segundo,&#8217; she says during our meeting. &#8216;Thanks be to God, thanks be to God first and Rupert second.'&#8221;<\/p>\n<p>Glynn meets 15 other FINCA clients with similar stories, including a mother and daughter who sells tortillas and a man who employs four people to run a plant nursery.<\/p>\n<p>&#8220;Without banks like FINCA,&#8221; Glynn concludes, &#8220;they wouldn\u2019t have stood a chance.&#8221;<\/p>\n<p><a href=\"http:\/\/www.independent.co.uk\/news\/business\/analysis-and-features\/nicaragua-teaches-a-lesson-in-the-power-of-micro-loans-10466838.html\" target=\"_blank\" rel=\"noopener\">Read the full article &gt;&gt;<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Matthew Glynn of The Independent travels to Nicaragua to meet FINCA founder Rupert Scofield and discovers how FINCA&#8217;s financial services helps to change the lives of low-income entrepreneurs.<\/p>\n","protected":false},"author":392,"featured_media":42646,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[151],"tags":[96,156],"class_list":["post-42645","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-en-ca","tag-microfinance-en-ca","tag-success-story"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nicaragua Teaches a Lesson in the Power of Micro Loans<\/title>\n<meta name=\"description\" content=\"The Independent travels to Nicaragua and discovers how FINCA&#039;s financial services changes the lives of low-income entrepreneurs.\" \/>\n<meta name=\"robots\" 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