Magdalena: She requests a loan to purchase supplies to make vigoron: plantains, pork rinds, and cabbage. Her dream is to improve her family's quality of life.
Hartilio: She requests a loan to purchase merchandise for her store. Her dream is to have a prosperous business.
Yuri: She requests a loan to purchase merchandise for her store. Her dream is to expand her business.
Magdalena:Solicita financiamiento para comprar insumos para elaborar vigorón: plátanos, chicharon, repollo. Su sueño mejorar la calidad de vida de su familia.
Hartilio: Solicita financiamiento para comprar mercadería para su pulperia. Su sueño es tener un negocio próspero
Yuri: Solicita financiamiento para comprar mercadería para su pulperia.Su sueño es ampliar su negocio.
About Pana PanaPana 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.
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Success!! The loan was 100% repaid