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Additional Information

More information about this loan


This loan is part of a Pana Pana project to address one of the biggest problems in the RAAN (North Atlantic Autonomous region): lack of drinking water and lack of access to proper sanitation facilities. In conjunction with Water Aid, Pana Pana trains women on how to make environmentally friendly toilets that are appropriate for rural use. Then the women will actually sell the product to rural families who lack access to sanitation services. Loans are for the female entrepreneurs to obtain and assemble the product and to support the women as they begin the sales process.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

Tags

About Nicaragua

  • $3,636
    Average annual income
  • 144
    View loans »
    Nicaragua Loans Fundraising
  • $24,094,725
    Funds lent in using Kiva
  • 26.0
    Nicaragua Cordobas (NIO) = $1 USD
Paying Back - Delinquent
A loan of $1,375 helped this borrower to build a bathroom with an ecological toilet and a sink.
33% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 6, 2014
Listed
Jul 13, 2014
Currency Exchange Loss:
Possible