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Municipal Group
In this Group: Mery Luz, Flor De Maria, Antonieta Del Socorro
This communal bank is comprised of three enterprising women who joined together in order to be able access financing through this loan. They do this in order to expand their small businesses and to improve their income. All of them want to manage to improve their living conditions, to be able to cover the basic necessities, to assure the education of their children, and to improve their houses.

Mery is the coordinator of the Municipal Group. She is from Puerto Cabezas, and she is 29 years old. She is married and has three children. The oldest is nine and in the third grade, and there are two other minor children. Her husband works in an informal way by selling ice cream in an itinerant manner. With great effort, six years ago she established her small grocery store in a wooden annex that she rents. She pays 300 córdobas netos a month.

She is requesting her first loan from Pana Pana in order to buy products for her small store. She will buy bread, oatmeal, snacks, toothbrushes, bleach, various detergents, eggs, salt, hair gel, toilet paper, and razors. She also sells tamales on Fridays through Sundays. Her dream is to sell cold cuts, basic grains, chicken, ground meat, and dairy products.

Antonieta has a small cafeteria at a school in Puerto Cabezas. She is requesting a loan from Pana Pana to buy snacks. Her dream is to have a prosperous business.

Flor, age 26, is the single mother of a little nine month old child. She sells cosmetics by catalog in an itinerant manner. On the week-ends she sells fried snacks at the schools in Puerto Cabezas. She is requesting her first loan to buy perfume, cosmetics, bananas, cabbage, vinegar, salt, bags, tomatoes, cooking oil, charcoal, and chicken. She dreams of increasing her sales volume of fried snack . She currently sells 40 units on the week-ends.
View original language description ↓
Este grupo solidario está conformado por 3 mujeres emprendedoras que se unieron para poder acceder a financiamiento mediante crédito para ir incrementando sus pequeños negocios y mejorar sus ingresos. Todas ellas quieren lograr mejorar sus condiciones de vida, poder cubrir las necesidades básicas, asegurar la educación de sus hijos, mejorar sus viviendas.

Mery: Es la coordinadora del Grupo Solidario Municipal, es originaria de Puerto Cabezas, tiene 29 años de edad, casada, tiene 3 hijos, el mayor de 9 años cursa su tercer grado de primaria y dos menores de edad. Su esposo trabaja de manera informal, vende de manera ambulante helados. Con grandes esfuerzos hace 6 años ella estableció su pequeña pulpería, en un anexo de madera que alquila, pagando mensualmente C$ 300 (Trecientos Córdobas Netos). Está solicitando su primer crédito en PANA PANA, con el propósito de comprar productos para su pequeña pulpería: pan, avena, chivería, cepillo de dientes, cloro, jabón de lavar ropa, de lavar traste, de baño, huevo, sal, gel para el cabello, papel higiénico, máquina para afeitar. También vende nacatamal de viernes a domingo. Su sueño es vender mortadela, granos básicos, pollo, carne molida y lácteos.

Antonieta: Tiene una pequeña cafetería en un colegio de Puerto Cabezas. Está solicitando financiamiento a Pana Pana para comprar chiverias. Su sueño es tener un negocio prospero.

Flor: Tiene 26 años, es madre soltera de un pequeño de 9 meses. Vende cosméticos por catálogos de manera ambulante y los fines de semana vende frito en los colegios de Puerto Cabezas. Solicita su primer crédito para comprar: perfumes, cosméticos, pilipitas, repollo, vinagre, sal, bolsas, tomate, aceite, carbón y pollo. Sueña con ampliar su volumen de venta de fritos, actualmente vende 40 unidades los fines de semana.

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.

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.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Nicaragua

  • $3,636
    Average annual income
  • 165
    View loans »
    Nicaragua Loans Fundraising
  • $23,235,250
    Funds lent in using Kiva
  • 27.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Municipal Group's $350 loan helped a member to buy products for her small grocery store.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 31, 2014
Listed
May 13, 2014
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014