Hojalateria Group

The Hojalateria lending group is from Guanacastillo, in the Nindiri region, a rural area of the Masaya district. The group works mostly with clothing, making shorts, pants, children's shirts etc. The region is known for it's tailoring and the majority of its population knows the trade.
Doña Dania began making clothes when her husband left her with three children. She overcame her loss and has been selling her clothes in the markets of Masaya and the surrounding region in order to improve her family's quality of life.
Doña Ruth and Doña Petrona began making clothing at an early age, inheriting the business from their parents. They have, so far, invested the loans they have received from ADIM into the purchase of raw materials for their clothing. In the future, they hope to expand their business and open a shop in Masaya. In order to achieve this dream, they know that they have to manage their loan repayment well so that they become eligible for a larger one.
The group's members are from the same neighborhood and they support one another's work, helping each other out both with the production and the marketing of their clothing.

Translated from Spanish by Sara Sultan, Kiva Volunteer

El g/s HOJALATERIA viene de la comarca guanacastillo jurisdicción de Nindiri, pertenece a la zona rural del departamento de masaya, la actividad principal del g/s es la elaboración de ropa tales como: chores, pantalones y camisas de niño esta actividad es típica de la zona, la mayoría de pobladores saben este oficio.
Doña Dania es jefe de familia ya que su esposo la abandono con 3 hijos a raíz de ese fracaso ella asumió el negocio costura, el que lo comercializa en el mercado de masaya y en las zonas francas mas importantes de la ciudad con esto ella pretende mejorar el nivel de vida de su familia
Sus integrantes son del mismo sector de la comarca y entre todos se apoyan mutuamente tanto en la producción como en la comercialización de sus productos.
Doña Ruth y Doña Petrona iniciaron su negocio a temprana edad pues es herencia de su padres, en la actualidad los créditos de adim los han invertidos en la compra de materia prima para la elaboración de sus productos, piensan en un futuro ampliar y poner un taller en la ciudad de Masaya, para lograrlo saben que tiene que manejar bien sus créditos para optar a uno más grande y poder cumplir su sueños, y ser siempre una buena clienta de ADIM



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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