Ninska: She is requesting a loan in order to increase and diversify her products. Her dream is to grow her business and build a house of her own. She currently lives with an aunt.
Marisol: She is requesting a loan in order to purchase the merchandise of her business, which includes basic grains, eggs, yogurt, sodas, instant soups, laundry soap, and other products. Her dream is to improve her business.
NINSKA: Solicita financiamiento para comprar prendas de plata. Su sueño es que su negocio crezca y construir su propia vivienda, ya que en la que reside actualmente es de una tía.
MARISOL: Solicita financiamiento para comprar mercadería: granos básicos, huevos, chiverías, gaseosas, sopas instantáneas, jabón de lavar ropa. Su sueño es mejora su negocio.
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