A loan of $350 helped a member to buy products for her small grocery store.

Municipal Group's story

This communal bank is comprised of three enterprising women who joined together in order to be able access financing through this loan. They do this in order to expand their small businesses and to improve their income. All of them want to manage to improve their living conditions, to be able to cover the basic necessities, to assure the education of their children, and to improve their houses.

Mery is the coordinator of the Municipal Group. She is from Puerto Cabezas, and she is 29 years old. She is married and has three children. The oldest is nine and in the third grade, and there are two other minor children. Her husband works in an informal way by selling ice cream in an itinerant manner. With great effort, six years ago she established her small grocery store in a wooden annex that she rents. She pays 300 córdobas netos a month.

She is requesting her first loan from Pana Pana in order to buy products for her small store. She will buy bread, oatmeal, snacks, toothbrushes, bleach, various detergents, eggs, salt, hair gel, toilet paper, and razors. She also sells tamales on Fridays through Sundays. Her dream is to sell cold cuts, basic grains, chicken, ground meat, and dairy products.

Antonieta has a small cafeteria at a school in Puerto Cabezas. She is requesting a loan from Pana Pana to buy snacks. Her dream is to have a prosperous business.

Flor, age 26, is the single mother of a little nine month old child. She sells cosmetics by catalog in an itinerant manner. On the week-ends she sells fried snacks at the schools in Puerto Cabezas. She is requesting her first loan to buy perfume, cosmetics, bananas, cabbage, vinegar, salt, bags, tomatoes, cooking oil, charcoal, and chicken. She dreams of increasing her sales volume of fried snack . She currently sells 40 units on the week-ends.

In this group: Mery Luz, Flor De Maria, Antonieta Del Socorro

Translated from Spanish by Kiva volunteer Ginny Kalish

Loan details

Lenders and lending teams

Loan details