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Arturo
Arturo is 29 years old and married. With the goal of having his own source of income, he began working four years ago in the commercialization and distribution of shellfish with exporter companies. Thanks to his profits and the loans awarded previously with PANA PANA, he was able to purchase a taxi. He is applying for a loan to perform maintenance on his taxi including tires, lubricants, oil, and brake fluid. His dream is to grow his business and offer wholesale shellfish to other companies in his country.
View original language description ↓
Arturo: Tiene 29 años de edad, casado. Con el objetivo de tener su propia fuente de ingresos, desde hace 4 años se dedica a la comercialización y distribución de mariscos con empresas exportadoras. Gracias a las ganancias percibidas y a los créditos otorgados anteriormente por PANA PANA, le han permitido comprar un taxi. Solicita financiamiento, para darle mantenimiento a su taxi: Llantas, lubricantes, aceite, liquido de freno. Su sueño es ampliar su negocio y ofrecer maricos al por mayor en otras empresas del país.

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.

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About Nicaragua

  • $4,800
    Average annual income
  • 131
    View loans »
    Nicaragua Loans Fundraising
  • $24,575,325
    Funds lent in using Kiva
  • 26.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Arturo to perform maintenance on his taxi: tires, lubricants, oil, and brake fluid.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2014
Listed
Jul 1, 2014
Currency Exchange Loss:
Possible
Ended:
May 17, 2015