Grupo Las Amistosas Group

In this Group:
Victoria del Rosario Calero Gómez, María Antonia Jalinas, Heyling del Rosario López Calero

The group "Las Amistosas" are natvies of the La Montanita region in the city of Masaya. It consists of three women: Victoria del Rosario Calero Gomez, Maria Antonia Jalinas, and Heyling del Rosario Lopez Calero.

Maria Antonia Jalinas, a young woman of 34 years old, is married, and has five children (2 teenagers and 3 young children). The teenagers help with the making of hammocks and cloth products. They are students in the community school. Her husband works in the fields and does not help much with paying the family bills. For this reason, she has been in business for 4 years. The workshop is located in her house.

Once the product is finished, it is brought to be sold in the Masaya market. The loan that she needs will be used to purchase the materials, such as spools of thread, at Masaya la Manila and in her community where the best prices are offered.

She thinks that she will have a larger production in the future and a large workshop that can bring employment to her family and support her children during their education.

Translated from Spanish by Brittany Thatcher, Kiva Volunteer

Este es el grupo Las Amistosas que son originarias de la comarca La montañita que pertenece al municipio de Masaya, está conformado por tres mujeres: que son las señoras Victoria del Rosario Calero Gómez, María Antonia Jalinas y Heyling del Rosario López Calero.
Doña María Antonia Jalinas, mujer joven de 34 años, casada, madre de 5 hijos 2 adolescentes y 3 niños pequeños, los adolescentes le ayudan en el tejido de las hamacas, están estudiando en la escuela de la comunidad. Su esposo es trabajador del campo y no cuenta con muchos ingresos para mantener los gastos de la familia, es por eso que desde hace 4 años ella se dedica a esta actividad. El taller está ubicado en su casa.
Este producto una vez que esta terminado lo vende en el mercado de Masaya. El crédito lo necesita para comprar los materiales, compra en Masaya la Manila y en su comunidad da a hacer los bolillos de madera donde le salen a mejor precio.
Ella piensa en un futuro poder tener mayor producción y hacer un taller grande y poder brindar empleo a su familia, así como apoyar a sus hijos en sus estudios.



Important Information About This Loan
Kiva recently posted a message regarding the “No Pago” movement in Nicaragua (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 had submitted a law to the government to create a moratorium on debt repayment. Initially it was unclear whether this law would pass, which would have had severe effects on the banking and microfinance industry in Nicaragua. However in the last month the executive branch rejected the law in its current form. The No Pago movement still exists but seems to have lost some steam. There is still a possibility that a law encouraging more restructuring of loans could pass next year, and microfinance institutions are voluntarily restructuring loans to delinquent borrowers, still increasing risk of lending in Nicaragua. However indications are that the situation is less dramatic than before.


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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