Manzana 1 Group
Romelia is a 21 year old young woman. She is married and has three children. The oldest is seven and goes to the community school. She has two younger children, and her husband is in the military.
In order to have her own source of income, she established a small grocery store in a strategic location two years ago. The population travels by this location headed to different municipalities and communities in the Región Autónoma del Atlántico Norte (RAAN) and towards Managua.
She is requesting her first loan to buy merchandise in Puerto Cabezas. She will buy basic grains, snacks, soft drinks, and purifies water, among other items. Her dream is to expand her grocery store.
Romelia: Es una joven de 21 años de edad, casada con 3 hijos, el mayor de 7 años asiste al colegio de la comunidad y 2 menores de edad. Su esposo es militar. Con el propósito de tener su propia fuente de ingresos, desde hace 2 años, estableció una pequeña pulpería en un punto estratégico, en el cual circula población que viajan hacia los diferentes municipios y comunidades de la Región Autónoma del Atlántico Norte (RAAN) y hacia Managua. Solicita su primer financiamiento para comprar mercadería en Puerto Cabezas: granos básicos, chiverías, gaseosas, agua purificada, entre otros. Su sueño es ampliar su pulpería.
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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