Mis Jardines Group

The group Mis Jardines [My Gardens] is made up by María Isabel Serrato Rodríguez, Alberto Hernández y Ángela del Socorro López Jaime. They are people that work hard, strive, and struggle to get ahead, and come from the Los Altos region.

The group coordinator is María Isabel Serrato Rodríguez who is 24 years old. She began selling small things on order, such as underwear, but little by little she has introduced all types of clothing and cosmetics. She wishes to invest in the purchase of an assortment of clothing in the latest trends, and to take advantage of the season in December.

The other group members are Alberto Hernández who is 28 years old and owns a taxi, and Ángela del Socorro López Jaime who is 52 years old, and since she was 20 years old has sold tortillas, cajeta [caramel cream made with goat's milk], buñuelos [sweet donut like dumplings], and baked goods, amongst other products that have helped her raise her children.

Translated from Spanish by Mariela Cedeno, Kiva Volunteer

El grupo Mis Jardines esta integrado María Isabel Serrato Rodríguez, Alberto Hernández y Ángela del Socorro López Jaime. Ellos son personas trabajadoras, esforzadas y luchadoras provenientes de los altos.

La coordinadora del grupo es María Isabel Serrato Rodríguez de 24 años de edad. Ella empezó vendiendo pequeñas cosas por encargo como ropa interior pero poca a poco ha ido introduciendo ropas de todo tipo y cosméticos. Ella desea invertir en la compra de variedad de ropa con las últimas tendencias y aprovechar la temporada de Diciembre.

Los otros integrantes del grupo son Alberto Hernández de 28 años de edad quien tiene un taxi y Ángela del Socorro López Jaime de 52 años que desde la edad de 20 años vende tortilla, cajeta, buñuelos, cosa de horno entre otros productos lo que le ayudo en la crianza de sus hijos



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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