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Edison
Edison is a 68-year-old entrepreneurial man who is married and originates from Puerto Cabezas. With the objective of having his own source of income, he established a small grocery store 9 years ago in his home. Thanks to the loans granted by PANA PANA and his profits, he has been able to expand, establishing a new grocery store in another neighborhood in Puerto Cabezas.

He requests a loan to purchase merchandise for his business: basic grains, eggs, snacks, sodas, bread, instant soups, laundry soap, and cereal, among others. His dream is to construct premises for his business since currently he has it as a small addition to his own home.
View original language description ↓
Edison: Es un hombre emprendedor de 68 años de edad, casado, originario de Puerto Cabezas. Con el objetivo de tener su propia fuente de ingresos, desde hace 9 años, estableció una pequeña pulpería en su vivienda. Gracias a los créditos otorgados por PANA PANA y a las ganancias percibidas, le han permitido expandirse, estableciendo una nueva pulpería en otro barrio de Puerto Cabezas. Solicita financiamiento, para comprar mercadería para su negocio: Granos básicos, huevos, chiverías, gaseosas, pan, sopas instantáneas, jabón de lavar ropa, cereales, entre otros productos. Su sueño es construir un local para su negocio, ya que actualmente la tiene en un pequeño anexo de su vivienda.

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.

Tags

About Nicaragua

  • $3,636
    Average annual income
  • 153
    View loans »
    Nicaragua Loans Fundraising
  • $24,074,500
    Funds lent in using Kiva
  • 26.0
    Nicaragua Cordobas (NIO) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,175 helped Edison to buy merchandise: basic grains, eggs, snacks, sodas, bread, instant soups, laundry soap, and cereal, among other products.
83% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2014
Listed
Jul 2, 2014
Currency Exchange Loss:
Possible