Marlene is a friendly woman and the coordinator for the solidarity group called “Shania”. She is 36 years old, married, and has five young children. Her husband is a bricklayer. With the intention of having her own source of income, Marlene established a small business more than a year ago where she sells yogurt, ice cream, basic grains, and other products. She is requesting her second loan in order to buy more supplies like yogurt, soap, basic grains, soft drinks, fruit, sugar, and plastic bags to make ice cream. Her dream is to keep growing her business and eventually sell bales of clothing.
Ninska: She is requesting a loan in order to increase and diversify her products. Her dream is to grow her business and build a house of her own. She currently lives with an aunt.
Marisol: She is requesting a loan in order to purchase the merchandise of her business, which includes basic grains, eggs, yogurt, sodas, instant soups, laundry soap, and other products. Her dream is to improve her business.
MARLENE: Es una mujer amable, coordinadora del grupo solidario shania, tiene 36 años de edad, es casada tiene 5 hijos menores de edad, su esposo es albañil. Con el propósito de contar con su propia fuente de ingresos desde hace más de un año instaló su pequeño negocio de venta de chivería, granos básicos entre otros. Solicita su segundo crédito para comprar productos: chivería, jabón, granos básicos y refrescos, frutas, azucar y bolsas plasticas para elaborar helados. Su sueño es segur creciendo en su negocio y con el tiempo vender ropa de paca.
NINSKA: Solicita financiamiento para comprar prendas de plata. Su sueño es que su negocio crezca y construir su propia vivienda, ya que en la que reside actualmente es de una tía.
MARISOL: Solicita financiamiento para comprar mercadería: granos básicos, huevos, chiverías, gaseosas, sopas instantáneas, jabón de lavar ropa. Su sueño es mejora su negocio.
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.