Los Postomes Group

The "Postomes" Group is comprised of Yamileth del Socorro Jarquín Sánchez, María Catalina López Pérez, and María Cruz Pérez Sánchez. They are from the "Cocal en Nindiri" neighborhood. Yamileth is 22-years-old and she buys and sells scrap metal. Her dream is to invest in another business in the future. María Catalina sells ice, ice cream, and snacks, and María Cruz sells disposable bottles.

Translated from Spanish by Erin Sindewald, Kiva Volunteer

El grupo postome está integrado por Yamileth del Socorro Jarquín Sánchez, María Catalina López Pérez y María Cruz Pérez Sánchez, ellas son del barrio el Cocal en Nindiri.

Yamileth del Socorro Jarquín Sánchez de 22 años ella compra y vende chatarra y su sueño es que en un futuro invertir en otro negocio, María Catalina López Pérez vende hielo, helado y chiverías y María Cruz Pérez Sánchez vende botellas desechables.



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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