Christmas and New Year in Nicaragua

Not even Christmas time and New Year’s celebrations could keep our clients from their usual hardworking routine. Vacation time in Nicaragua obviously doesn’t include sitting in front of the TV, relaxing, eating cookies and watching fairytales!

On the contrary, the production of pottery has to be doubled so even PHPG´s members are obliged to help,

…cakes need to be baked,

…doors of grocery store can’t be closed,

…as well as doors of paper store and many other businesses.

Distribution of New Loans in El Pantanal

While during the second week of November the center of Granada was getting ready for "Hípica", a local horse parade, which attracts both tourists and Nicaraguans to come to Granada giving them an excuse to go out and drink some Nicaraguan rum and beer, in El Pantanal, which is sometimes referred to as the forgotten district of Granada, because it does not appear on maps and is never visited by tourists, we were distributing new loans to our existing clients.

Juan Carlos and Esterlina enjoying their breakfast

The day of disbursement we started with breakfast together with a group of " Unión Que Hace La Fuerza", which had repaid its second PHPG´s loan recently and since that morning has been enjoying the benefits of cooperating with PHPG for its third time. The good thing about working for PHPG is that occasionally one is obliged to inspect businesses of our clients for example like this - eating delicious “enchiladas” that one member of this group sells.

Although it was a very hot day for this time of year even for Nicaragua, we enjoyed this opportunity to meet some of our clients and a talk we had about their future plans. One of the most successful groups - "Las Triunfadoras" - which just got its fourth loan from PHPG, told us about their plan of opening a new dining spot sometime next year. Although all Las Triunfadoras´ ladies have their own businesses like shoe store, fashion design and sewing etc. that does not stop their entrepreneur´s spirit to seek new opportunities to improve their financial situation. What a motivation to see that!

Petra and "Union Que Hace La Fuerza"

October in Matagalpa

Mandiel

We finished the month of October and initial training of new PHPG´s coordinator, Petra, by new loan disbursement, enriching our list of clients in Matagalpa by a new group of kind ladies. This way PHPG helped Maria Delmis to expand her “mini pulpería”, mini grocery store, by selling mobile phone’s refills, and to invest more money in rest of businesses that our new clients have. They dedicate themselves among other to the sale of milk products, secondhand clothing or sewing. Because the objective of PHPG is not only to provide loans but also to strengthen the relations between group members so they share their work experience, we are proud that with the help of Maria Jacoba who apart from working as a teacher in a local primary school has 20-years’ experience in selling secondhand clothes, the leader of the group Mandiel could start her proper business with secondhand garments.

Maria Jacoba

Unfortunately October also was the last month for Berly who supervised PHPG´s activities in Matagalpa. Berly has done an outstanding job, not only distributing new loans but also giving various lectures improving financial literacy of our clients, initiating new partnerships with other NGOs in Matagalpa and many more. Therefore we would like to thank her for everything she has done for our clients in Matagalpa and PHPG in general and we wish her all best in future. 

Visit from PHPG

Guest Post from Rebecca Schick, Intern at Soluciones Comunitarias, Summer 2011    

I think I can speak for everyone when I say it was nothing short of a pleasure to hear from Berly Cordero today. We, a group of eight student interns working with Soluciones Comunitarias, were all ears and eyes when learning about the interest-free microfinance loans that Berly administers to local entrepreneurs and business owners in Matagalpa, just twenty minutes away from our home base in San Ramon. Soluciones Comunitarias is an organization that strives to empower entrepreneurs and communities through offering consulting services and access to products such as solar lamps, water filters and eye glasses to improve lives in rural Guatemala and Nicaragua. Our group of eight is currently working on a Financial Literacy and Inclusion project in Norther Nicaragua, so we were naturally enthused to talk finances. Berly shared with us an article that disregarded Microfinance as a sustainable method to support individuals affected by poverty. Although there are countless cases that hold up this argument, there are environments where microfinance can prove to be useful. We discussed with Berly the benefits of eliminating interest, which diminishes the risk of drowning in a cycle of debt. We immensely enjoyed and appreciated the words of wisdom about the culture of finance in rural, developing communities. The insights gained from this discussion will travel with us as we carry out our project and begin working directly with community members. Thanks to all and be sure to check out People Helping People Global, this awesome organization that does microfinance right!

Ayudando

St John's University GLOBE Student Fellow, Chinyere Ukaegbu shares her thoughts after visiting PHPG in Matagalpa.

Today's adventure was especially gratifying (and that's an understatement). We met with an amazing non-profit called People Helping People Global. Though they have a couple of locations where they operate here in Nicaragua, we visited their base in Matagalpa. Before getting into the intricacies of the visit, let me begin by offering the cultural scene of Matagalpa. Lined by beautifully painted edifices, Matagalpa stands as this magical, mountainous town who's hilly ups and downs are similar to Montparnasse in Paris. People with joy in their eyes were sprinkled across the streets. Everyone from school girls to men buying food stuffs from pulperias said hola to us as we smiled. But unlike Paris, I felt a strong sense of community in Matagalpa.

We met with two representatives from PHPG: Berly and Martha. From our conversation, we learned a great deal about their organization and even developed some ideas for GLOBE based on what we heard. They explained to us that they give micro loans out with 0% interest because they are all about helping the people (hence their name). I paralleled this with GLOBE because we have very low interest rates and the interest we do collect goes back into helping the communities in which we serve. They also explained to us some of their methods, like checking receipts of borrowers for accountability, that could be used by GLOBE. But the most fascinating tactic they used was their training programs. They provided business training and psychological training (I.e. Counseling). This was especially important because it shows the holistic approach helping a community help themselves. Perhaps GLOBE could provide training and even incentives our borrowers to train other borrowers once they master their successful businesses.

Speaking of businesses, it was also a joy to visit the borrowers from PHPG and see them breaking the cycle of poverty. One borrower, 

Irene, stood out. She makes and sells tortillas (that are delicious might I add) and the loan that PHPG provided allowed her to expand by employing a helper. Now the over 500 tortillas that she makes on a interesting makeshift, firewood stove become a little less of a burden. It was a joy speaking with her and learning how she make the tortillas. I was at awe at how hard she worked. Waking up at 3 in the morning daily to start her work, she was the epitome of hard work and dedication. It made me reflect on my life and how much I have compared to her one room home filled with 5 children. Humbled, I smiled as she stood strong and proud of the tortillas she handed is to eat. 

Until next time,

Chinyere U

This blog was originally posted on GLOBE Student Fellow's site, here.