Grupo Solidario Dios Nos Guia Group

The Dios Nos Guía Solidarity Group is comprised of 3 members:
Nora Yessenia Anaya Zepeda
María Concepción López
Ángela Mercedes Ríos López

They operate different businesses, but this does not prevent them from developing a friendship and sharing a common goal of moving their families and businesses forward. Nora sells vegetables from a vending location outside the local market. María runs a small grocery store, which is the only source of income for her family. She has been in business for 7 years and always tries to satisfy her customers with what they need. Angela is a clothing retailer who has been in business for 5 years. She made sacrifices to start her business because it was the only way for her to improve her family’s living situation.

Their loan will be used as working capital to buy materials for their respective businesses. They decided to pursue financing so that they could keep their businesses in operation.

Translated from Spanish by Ronan Reodica, Kiva Volunteer

El Grupo solidario Dios Nos Guía está conformado por Nora Yessenia Anaya Zepeda, María Concepción López y Ángela Mercedes Ríos López. Sus actividades económicas son diferentes, pero esto no les impide desarrollar una amistad y lograr sacar adelante a sus familias y negocios. Nora se dedica a la venta de verduras, la ubicación de su negocio es las afueras del mercado, en cambio María se dedica a una pulpería. Hace más de 7 años que se dedica a este negocio, por lo que es su única fuente de ingresos para su familia. La actividad económica de Ángela es la venta de ropa. Hace más de 5 años que se dedica a este negocio. Ángela inicio con mucho sacrificio este medio de vida porque tenía que salir adelante con su familia. Por lo que el financiamiento es para capital de trabajo y así comprar materia prima. María Concepción es la otra integrante de este grupo. Ella se dedica a una pulpería. Hace más de 7 años que se dedica a su actividad. Ella proporciona a sus clientes lo necesario para así que siempre satisfacer la demanda. Es por eso que las 3 deciden realizar este financiamiento con el fin de seguir adelante con sus actividades.


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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