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.
A loan of $1,475 helped this borrower to buy merchandise and increase her inventory: notebooks, pens, staplers, erasers, backpacks, cosmetics, colognes and perfumes, creams, deodorants, and hair accessories for women and girls.