Since she was a child she has worked in agriculture, and she has a farm of 40 manzanas which produces maize, bananas, tubers, grains and houses cattle. She asks for her first loan with the goal of increasing the area of production of bananas, malanga and taro. Her dream is to improve the productive quality of her farm.
More information about this loan
This loan is part of a Pana Pana project to help rural families that produce tubers and plantains on communal land access funding. Due to climatic change and unpredictable weather, agricultural loans in this region are high-risk. For this reason, microfinance institutions generally do not offer these loans or have high collateral requirements. In collaboration with Kiva, Pana Pana has developed this subsistence agriculture loan with a longer term and a one-year grace period, making it easier for farmers to repay the loan.
About Pana PanaPana 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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This loan has been fully funded!