Xiomara: She is a cheerful woman, originally from Waspan. She is 40 years old and a single mother, with three school-aged children. With the aim of having her own source of income, about 6 years ago, with great effort and enthusiasm, she opened a small store selling new clothing in a stall she rents in the market. She is requesting financing to buy products in Managua, including sandals, shoes, clothing for children and adults, and other products, which she will sell at affordable prices in Puerto Cabezas. Her dream is to expand the store and offer staple food products.
Lillian: She has a store selling new clothing. She is requesting financing to buy merchandise in Managua: men's and women's trousers, shoes, blouses, and sandals, among other products, which she will sell at affordable prices in Puerto Cabezas. Her dream is to have a prosperous business.
Isabel: For the past 9 years she has operated a new clothing store in a stall she rents in the market in Puerto Cabezas. She is requesting funding to buy merchandise. Her dream is to have a prosperous business.
Xiomara: Es una mujer alegre, originaria de Waspan, tiene 40, madre soltera, de 3 en edad escolar. Con el propósito de tener su propia fuente de ingreso, desde hace aproximadamente 6 años, con mucho esfuerzo y entusiasmo estableció una pequeña tienda de ropa nueva en un tramo que alquila en el mercado. Solicita financiamiento para comprar en Managua: sandalias, zapatos, ropa de niño y adultos, entre otros productos y venderlos a precios accesibles en Puerto Cabezas. Su sueño es ampliar el local y ofrecer granos básicos.
Lillian: Tiene una tienda de ropa nueva. Solicita financiamiento para comprar mercadería en Managua: pantalones de mujer y hombre, zapatos, blusas, sandalias, entre otros productos, para venderlos a precios accesibles en Puerto Cabezas. Su sueño es tener un negocio próspero.
Isabel: Desde hace 9 años tiene una tienda de ropa nueva, en un tramo que alquila en el mercado de Puerto Cabezas. Solicita financiamiento para comprar mercadería. Su sueño es tener un negocio próspero.
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.