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Crecencia
Crecencia is a native of Puerto Cabezas. She is 49 years old and is a single mother of three children who are all working adults. With the goal of having a source of income to support her children, she opened a clothing store for adults and children, with the help of her brother. She remembers that she started by selling underwear, beauty accessories and cosmetics. With the earnings, she was able to continue expanding.

She is seeking a loan to purchase the following merchandise in Managua: half a dozen pairs of pants for men, women and children; half a dozen skirts, shorts and shirts for men, women and children; sheets; curtains; sandals from girls and women. Her dream is for her business to continue growing, to display the clothing on mannequins, and to continue supporting her children so they can have their own homes.
View original language description ↓
Crecencia: Es originaria de Puerto Cabezas, tiene 49 años de edad, madre soltera de 3 hijos mayores de edad, profesionales. Con el propósito de contar con una fuente de ingreso para la manutención de sus hijos, con apoyo de su hermano instaló hace 21 años su tienda de ropa nueva para adultos y niños. Recuerda que inicio vendiendo ropa interior, accesorios de belleza y cosméticos y con las ganancias percibidas le ha permitido ir creciendo. Solicita financiamiento para comprar mercadería en Managua: Media docena de pantalones para hombres, mujeres y niños, media docena de falda, short y camisetas para hombres, mujeres y niños, sabanas, cortinas, sandalias para niñas y mujeres. Su sueño es que su negocio continúe creciendo, exhibir la ropa en maniquís y continuar apoyando a sus hijos, para que tenga su propia vivienda.

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

  • $4,800
    Average annual income
  • 106
    View loans »
    Nicaragua Loans Fundraising
  • $24,828,400
    Funds lent in using Kiva
  • 25.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Crecencia purchase merchandise in Managua: half a dozen pairs of pants for men, women and children; half a dozen skirts, shorts and shirts for men, women and children; sheets; curtains; sandals from girls and women.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 23, 2013
Listed
Dec 26, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014