While I was reviewing applications for new loans in Soledad de la Cruz, I found
this cute thank you note addressed to whole team of PHPG. It just made my day!!!
People Helping People Global is a U.S. 501(c)(3) non-profit organization that provides interest-free microloans to individuals living on less than $2 USD per day. These loans are used by our clients to start or expand their small businesses. We currently operate in the Granada and Matagalpa regions of Nicaragua.
Tuesday, April 12, 2016
Monday, April 4, 2016
Soledad de la Cruz
Last Saturday we visited our clients
in Soledad de la Cruz, small rural community located on the highway between San
Isidro and Leon around 30 miles from Matagalpa (10 miles from hydroelectric
power station Carlos Fonseca). This neighborhood is growing incredibly fast
which is not surprising considering that a new big house here costs between
$3.000 and $5.000. Every time we come to Soledad de la Cruz (once a month)
there are a couple of new houses which weren’t there last time. In this
community we count with 2 groups, 9 clients in total all of them women who sell
secondhand clothes, Avon cosmetics, and mobile phone’s refills, make pastry or
sew dresses among other. This time we visited group leaders who handed us in
last payments and we gave them application forms for new loans in return. Most
of clients reach for their second or third loan from People Helping People
Global in amount of $180 or $250.
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