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Maribel
Maribel, 34, is from the municipality of Wespam. She’s married and has seven children all of which attend school. She sends stipends for her oldest daughter’s support who is attending university in Managua.

She opened a store at home three years ago with support from her husband. She was able to start out with a little merchandise consisting of half a dozen pants, a dozen shirts and half a dozen shoes.

Aiming at improving her business, she decided to request financing from Pana Pana and it was approved. She used it to improve her business’ condition; she bought display cases, storage and shelving and set up her own locale for the store.

She’s currently applying for a new loan to diversify her stock merchandise. She will buy it in the capital and will sell it to the public at affordable prices.
She wants to continue supporting her children, especially her eldest with her university studies in the capital. In future, she hopes to buy and sell cosmetics via catalog.
View original language description ↓
Maribel es originaria del municipio de Waspam, tiene 34 años de edad, está casada y tiene siete hijos, todos asisten al colegio. Ella envía remesas para la manutención de su hija mayor que está estudiando en una universidad de Managua.

Desde hace tres años estableció su tienda en la sala de su casa, con apoyo de su esposo, lo que le permitió comenzar con una pequeña mercadería compuesta por media docena de pantalones, una docena de camisas y media docena de zapatos.

Con el propósito de mejorar su negocio, decidió solicitar financiamiento en Pana Pana, el cual fue aprobado y lo invirtió en mejorar las condiciones de su negocio, adquiriendo vitrinas, mantenedora y estantes y establecer su propio local para su tienda.

Actualmente solicita un nuevo préstamo, con el objetivo de diversificar los productos de su negocio, los cuales comprará en la capital y ofertará a precios accesibles al público.

Ella quiere continuar apoyando a sus hijos, particularmente a la mayor con sus estudios universitarios en la capital. En el futuro, aspira a comprar y vender cosméticos que se distribuyen por catálogos.

Additional Information

About Pana Pana

Pana Pana is a nonprofit civil association founded in 1990 in Nicaragua. The organization’s official name is Asociacion para el Desarrollo de la Costa Atlantica (Association for the Development of the Atlantic Coast) but they have always been know as Pana Pana which means “mutual help” in the local language.

Pana Pana offers loans for commerce, housing, and a small number of agriculture loans. They also have a small social development unit that runs Pana Pana’s non-financial services. This includes technical assistance for housing loans and the development of a water and sanitation project.

Tags

About Nicaragua

  • $3,636
    Average annual income
  • 116
    View loans »
    Nicaragua Loans Fundraising
  • $23,724,925
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Maribel to buy stock merchandise for her store.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 13, 2013
Listed
Oct 7, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014