Reyna is requesting a loan in order to buy products for her beauty salon such as hair dyes, nail polishes, and other products. Her dream is to improve the infrastructure of her shop.
Aracely is requesting a loan in order to buy merchandise for her small grocery store. Her dream is to diversify her product offerings by selling chicken, mortadela, and ground beef.
Reyna: Solicita financiamiento para comprar productos para su salón de belleza: tinte de cabello, pinturas de uñas, entre otros productos. Su sueño es mejorar la infraestructura de su local.
Aracely: Solicita financiamiento para comprar mercadería, para su pequeña pulpería. Su sueño es diversificar los productos que ofrece, vender pollo, mortadela y carne molida.
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.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid