Sol De Nueva Jerusalen Group
Berta and Haidina have market spaces where they sell basic grains like beans, corn and supplies (cassava, malanga, quequisque, bananas, plantain, etc.) They are requesting financing to buy more products for their businesses.
Berta y Haidina, tienen un tramo en el mercado, donde venden granos básicos: frijoles, maíz y bastimentos. (yuca, malanga, quequisque, plátanos, bananos, filipitas). Solicitan financiamiento para comprar más productos para su negocio.
About Pana PanaPana 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.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
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