A loan of $1,150 helped a member to stock her store.


Panales No 2 Group's story

The Panales No. 2 communal bank is comprised of eight members. They are all single, responsible women who have 15 children for whom they are responsible. They are from Sauce, which is located in the northern part of the country. These women are known for being responsible and hard-working and for having a great desire for personal improvement. Sadly, due to the lack of financial resources, they could not complete their basic education. They were obliged to work from an early age. They struggle day to day in order to give their children a better future.

Thanks to her spirit and her desire to get ahead, María Ofelia is the coordinator of the communal bank. She has a ‘pulpería’ located in her house. A ‘pulperia’ is a small store that sells food products in small quantities. She sells things like packets of coffee, packets of shampoo, rice, beans, sugar, milk, bread, cooking oil, soap, detergent, soft drinks, and juice. She works in her business selling her products about 12 hours a day.

The reason for the loan is to invest in working capital and to stock her business of buying and selling food products. She will do this in order to be able to get better income in the near future.

The Panales No. 2 communal bank is grateful for the help that the Kiva lenders provide to people with scarce resources in poor countries like Nicaragua.

In this group: Martha Cecilia , Erika Maria , Maria Ofelia, Marcela, Corina Del Socorro, Arelis Damaris, Fatima Del Rosario, Silvia Elena

Translated from Spanish by Kiva volunteer Ginny Kalish



Loan details


Lenders and lending teams




Loan details