El Futuro Group

Pictured left to right: Marisol del Socorro España Téllez, Lydia Isabel Gómez Sotelo and Elsa del Carmen Jarquín Martínez.

El Futuro Group (The Future), is originally from the city of Masaya. The women have their own businesses and depend only on themselves. They are well known for their work in their neighborhoods.

Marisol has a small women's sandal-making shop, which she runs with three workers, her father and her children. She is the mother of four children who are seven, nine, 10, and 13 years old, all of whom study and help her at the shop. Her husband helps her with household expenses; he works for the radio. She said that the business is her own, and she buys what she wants for herself and her children. She dreams of improving her business, thus improving her family's quality of life.

Lydia Isabel is an older woman with a family of three teens who attend the neighborhood school. They help her with her chicken-selling business, but her strongest business is selling clothes on credit. She sells pants, shirts, shoes, etc. Her husband works in a parts shop and helps her with household expenses. Through her business, Lydia Isabel takes on extra household expenses such as clothes for the kids, school notebooks, etc. Her business guarantees income for the home, and because of this, she plays an important role in making household decisions. Lydia is the leader of this group; she was elected because she is very responsible.

Elsa del Carmen Jarquín, aside from being the final group member, owns a small women's sandal-making shop. She has one permanent employee, and the rest of the business is run with the help of her children and husband. She also makes and sells baked goods out of her home. She dreams of improving the shop and her working conditions.

Translated from Spanish by Olivia Engkvist, Kiva Volunteer

Foto de Izquierda a derecha: Marisol del Socorro España Téllez, Lydia Isabel Gómez Sotelo y Elsa del Carmen Jarquín Martínez.
El grupo solidario El Futuro es originario de la ciudad de Masaya, ellas por igual tienen sus actividades económicas y dependen solo de ellas, son bien conocidas por esta actividad en sus barrios.
Doña Marisol tiene un pequeño taller de elaboración de sandalias de mujer, este funciona con tres trabajadores y entre ellos su papá y sus hijos, es madre de cuatro hijos de 7,9,10 y 13 años, todos ellos estudian y ayudan en el taller, su esposo le ayuda con los gastos del hogar, trabaja en una empresa de radio, ella expresa que su negocio es de ella y compra lo que ella quiere para ella y sus hijos. Sueña con mejorar su negocio y así mejorar el nivel de vida de su familia.

Doña Lydia Isabel es una mujer mayor con una familia 3 hijos adolescentes, ellos estudian en la escuela del barrio, le ayudan en el negocio de la venta de pollo ,pero su actividad mas fuerte es la venta de ropa al crédito. Ella vende pantalones, camisas, zapatos etc., su esposo trabaja en un desarme y le ayuda con los gastos de la casa, del negocio ella asume gastos extras del hogar como ropa de los hijos, cuadernos, etc. Su negocio le garantiza la alimentación del hogar y es por esto que ella es muy importante en las decisiones del hogar.
Doña Lydia es la coordinadora del grupo, la eligieron por ser muy responsable.

Doña Elsa del Carmen Jarquín al igual que la otra integrante tiene un pequeño taller de elaboración de sandalias de mujer, tiene un trabajador fijo, el resto lo hace ella junto con sus hijos y su esposo. Además también hace repostería para vender en su casa .
Sueña con mejorar el taller y tener mejores condiciones de trabajo.







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

Subscribe