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Ruth
Ruth is a happy and social woman from Puerto Cabezas. She is 49 years old and married with eight grown children. Her husband works at a central government institution. With the goal of having her own source of income, she established her business selling wood posts six years ago. She is applying for her second loan to increase her inventory and to buy larger quantities of wood posts in pine and other varieties.
View original language description ↓
Ruth: Es una señora alegre y sociable, originaria de Puerto Cabezas, tiene 49 años de edad, casada con 8 hijos, mayores de edad. Su esposo trabaja en una institución del gobierno central. Con el objetivo de tener su propia fuente de ingresos, desde 6 años estableció su negocio de venta de postes de madera. Solicita su segundo financiamiento para incrementar su inventario y comprar en mayores cantidades postes de madera de pino y otras variedades. Su sueño es tener un negocio próspero.

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.

About Nicaragua

  • $3,636
    Average annual income
  • 115
    View loans »
    Nicaragua Loans Fundraising
  • $23,737,400
    Funds lent in using Kiva
  • 26.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Ruth to increase her inventory and to buy larger quantities of wood posts in pine and other varieties.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2014
Listed
Jun 26, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2015