Chicas Sexis Group

The group “Chicas Sexis” (Sexy Ladies) is composed of three hardworking women who put a lot of effort and commitment into their work.

Doña Josefa Fariña is the group coordinator (seen in the photograph seated in the middle). She is a 57 year old woman who possesses a cheerful disposition and a youthful spirit. She has an established business, which has been operation for the past 30 years, selling clothes in the Plaza Ana María. She started working for a friend who had a similar business, but later decided to start her own clothing shop.

Today her business has grown tremendously and she intends to move forward with the help of her husband, regardless of any obstacles they encounter along the way. Her loan will be used to buy school uniforms since the patron saint holidays are approaching and demand is high during that time of year. She will also buy shirts and dress slacks for men.

Her biggest dreams are to make home improvement repairs (the roof of her house was damaged) and see her son finish his college studies.

Pastora Vásquez has a vending post where she has been selling perishable goods (food, dairy, and refrigerated products) for the past 16 years. María Pérez has been selling clothes in the Roberto Huembes Market for 18 years.

Translated from Spanish by Ronan Reodica, Kiva Volunteer

El grupo Chicas sexis está formado por 3 mujeres trabajadoras, quienes denotan en sus rostros su esfuerzo y entrega al trabajo que realizan.

Doña Josefa Fariña; es la coordinadora del grupo, de 57 años de edad, a quien vemos en el centro de la fotografía, un rostro alegre y un carácter joven; Ella posee un negocio fijo de venta de ropa en la plaza Ana María, desde hace aproximadamente 30 años. Inicio trabajándole a una amiga quien tenía un modulo donde vendía sus productos. Impulsada por su optimismo decidió tomar un modulo e iniciar la venta de ropa.

Actualmente ha logrado surtir mucho su tramo, pretende seguir adelante con la ayuda de su esposo, no importando los contras que encuentre en el camino. Su crédito pretende invertirlo en la compra de uniformes escolares ya que se acercan las fiestas patrias y estos tienen mucha demanda en esta época del año. Además invertir en compra de camisetas de varón y pantalones de vestir.

Su mayor sueño es poder mejorar las condiciones de su hogar (El techo, que se le ha dañado), y que su hijo termine su carrera universitaria.

Pastora Vásquez tiene un tramo donde vende productos perecederos (comidas, lácteos y productos refrigerados), negocio que mantiene desde hace b16 años; Y María Pérez vende Ropa en el mercado Roberto Huembes desde hace 18 años.



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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