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Luz Marina
Luz is a friendly woman, originally from Puerto Cabezas. She is 38 years old, married, and has 1 school-age child. Her husband works as a fisherman. With the goal of generating her own income, 3 years ago she established a small business in a rented thatch hut for which she pays C%600 per month. She began with her own money and the first financing she received from PANA PANA was in a group loan. With the goal of increasing her merchandise inventory and constructing her own home, she is seeking her first individual financing. She will buy construction materials such as zinc, nails, and wood. Her dream is to have a home that provides comfortable living conditions for her family and to move her business to her own home in a bigger space.
View original language description ↓
Es una persona amable, originaria de Puerto Cabezas, tiene 38 años de edad, casada, tiene 1 hijo, en edad escolar. Su esposo trabaja en el mar de marinero. Con el objetivo de tener su propia fuente de ingresos, desde hace 3 años estableció su pequeño negocio, en una pequeña vivienda de tambo de madera que alquila, pagando una mensualidad de C$ 600 (Seis cientos córdobas), inicio con capital propio y con el primer financiamiento que le otorgó PANA PANA, en la modalidad de grupo solidario. Con el objetivo de incrementar su inventario de mercadería y construir su propia vivienda, solicita su primer financiamiento, en la modalidad de créditos individual, para comprar materiales de construcción: zinc, clavos, madera rustica y madera cepillada. Su sueño es tener una vivienda que le brinde las condiciones y comodidades a su familia y trasladar su negocio a su propia vivienda en espacio más amplio.

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
  • 128
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • 25.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Luz Marina to increase her inventory of merchandise and construct her own home.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2014
Listed
Jun 9, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015