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Arminda Del Socorro
Arminda del Socorro, 45, is a cheerful woman from Puerto Cabezas. She's married and has two children; the oldest is studying fashion design and the youngest is finishing secondary school.

Arminda del Socorro set up a grocery store in her home 20 years ago. She still remembers that she had only 60 córdobas to buy milk for her daughter. She decided to invest her small amount of capital in Chivería products so she could earn a bit more money. Three months later, her profits enabled her to buy half a quintal of basic grains.

Currently Arminda del Socorro's grocery store is in a strategic location and she also sells beauty products and women's accessories. It's her only source of income because her husband is out of work, so she's requesting a loan to continue growing in her business.

She's going to buy 3 quintals of rice, 1 quintal of flour, 1 can of oil, 6 boxes of laundry detergent and 1 dozen of bath soap, 5 dozen bottles of bleach, 7 packages of toilet paper and 2 dozen of sanitary napkins, 5 pounds of soda, 12 dozen candles, 3 dozen packages of instant soup, pinolillo [cornmeal and cacao-based beverage], barley, and oatmeal.

Her dream is to set up a distribution business.
View original language description ↓
Es una mujer jovial, tiene 45 años de edad, originaria de Puerto Cabezas, casada, tiene dos hijos, la mayor estudia estilismo y el menor esta culminando sus estudios de secundaria. Desde hace 20 años estableció una pulpería en su vivienda, aun recuerda que solamente tenía 60 córdobas para comprar la leche de su hija, por lo que pensando como reproducir un poco más de dinero, decido invertir su pequeño capital en chivería, después a los tres meses con las ganancias obtenidas le permitieron comprar medio quintal de granos básicos. Actualmente tiene su pulpería en un local, ubicado en un punto estratégico y vende productos de belleza y accesorios para mujeres. Con el propósito de continuar creciendo en su negocio, ya que es la única fuente de ingresos, porque su esposo se encuentra desempleado, solicita financiamiento para comprar: 3 quintales de arroz, un quintal de Harina, un bidón de aceite, 6 cajas de jabones para lavar ropa, 5 docenas de cloro, 7 bolsones de papel higiénico, 2 docenas de toalla sanitarias, 5 libras de soda, 12 docenas de bujía, 3 docenas de sopas instantáneas , 4 libras ristras de pinolillo, cebada, avena, una docena jabones de baño. Su sueño es establecer una distribuidora.

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
  • 131
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • 25.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Arminda Del Socorro to stock her store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 30, 2013
Listed
Dec 30, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014