El Atardecer Group

Photo from left to right: Ileana Janina López Vanegas, Meylin Juliet López y Yamilet del Socorro Vanegas Rodríguez.

This group is from Masaya. They know and trust each other very much. They are hard working women who are known for their work.

Illeana Janina is the coordinator of the group. She makes various sweets like “cajeta de leche” (a very popular candy in Latin America made of milk and sugar) and other regional delicacies. She learned how to do this when she was very young from her mother. When she got married, she started her own business. She has three children ages 10, 9, and 3. The go to the school that is near their home. She dreams of being able to give her children a better quality of life. Her husband helps with the expenses. He sells clothes.

Meylin Juliet, just like her colleague, makes and sells sweets in her house. Her sister helps her with her work. She has a small, one year old son. She takes care of him and the house. Her husband works in a business in Managua in the electrical area. She is proud to be able to generate her own income.

Yamilet del Socorro has had a small convenience store for several years. She has a small son that she takes care of along with her business. Her husband helps with the expenses. He makes wood cabinets. She buys her products in the Masaya market, and she wants her store to offer all types of products.

This group is committed to being in good standing with their loans and to continue working to expand their businesses.

Translated from Spanish by Ginny Kalish, Kiva Volunteer

Foto De izquierda a derecha: Ileana Janina López Vanegas, Meylin Juliet López y Yamilet del Socorro Vanegas Rodríguez.

Este grupo es originario de Masaya, son conocidas y de mucha confianza, son mujeres trabajadoras conocidas por la actividad que realizan.

Doña Ileana Janina es la coordinadora del grupo, ella se dedica a la elaboración de dulces variados como leche de burra, cajeta de leche, manjares, etc. esta actividad la aprendió de su mamá desde muy joven y cuando se casó se independizó con su propio negocio, tiene tres hijos de 10, 9 y 3 años, ellos están estudiando en la escuela cerca de la vivienda. Sueña con poder darles una mejor calidad de vida, su esposo le ayuda con los gastos, él es comerciante de ropa.

Doña Meylin Juliet al igual que su compañera se dedica a la elaboración de dulces y los vende en su casa, le ayuda una hermana a trabajar, tiene un hijo pequeño de un año, ella lo cuida y hace los quehaceres del hogar, su esposo trabaja en una empresa en Managua en el área eléctrica. Se siente orgullosa de poder generar sus propios ingresos.

Doña Yamilet del Socorro, tiene una pequeña pulpería desde hace varios años, tiene un pequeño niño al que ella atiende y a su negocio. Su esposo le ayuda con los gastos , él es ebanista en madera. Ella compra sus productos en el mercado de Masaya y se propone a que su pulpería ofrezca de todo tipo de productos.

Este grupo está comprometido con quedar bien en sus créditos y seguir trabajando para engrandecer su negocio.



Important Information About This Loan
In mid 2008, a movement began in Nicaragua called “Movimiento No Pago” (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 making it difficult for some branches of microfinance institutions to operate normally. This movement has been fed by the global the economic crisis, which has made it more difficult for Nicaraguans to pay back their loans. This group has submitted a law to the government to create a moratorium on debt repayment. If passed, the law could have a severe effect on the microfinance industry and banking sector in Nicaragua. Recent information indicates that the situation may be improving as the President of Nicaragua has spoken out against this law and would not support its passage in its current form. The network of microfinance institutions in Nicaragua (ASOMIF) has been negotiating with the government in support of an alternative proposal. Kiva, along with 25 other funders from 9 countries, has signed onto a letter to the Nicaraguan government urging a resolution to this situation without enacting a moratorium on debt repayment. The potential passage of the debt moratorium increases the risk of lending in Nicaragua. For more information, please see the following articles: http://impreso.elnuevodiario.com.ni/2009/09/24/nacionales/110236; http://www.laprensa.com.ni/archivo/2009/octubre/16/noticias/economia/355010.shtml


About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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