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Nuevos Colorados Group
In this Group: Gustavo Adolfo, Carmen Jeaneth, Lidia
The “Nuevos Colorados” group is located in the Nuevos Colorados neighborhood of the city of Choluteca. There are three members, all of whom know each other very well. The following describes their different businesses:

Gustavo Adolfo sells grocery items. He gets up at 4:00AM because he has a corn mill that serves the whole neighborhood where he lives. His father depends on him and the two of them live together. He will use the loan to buy more inventory for his business so he can have a better income.

Carmen Jeaneth S. makes and sells tortillas. She sells them whole-sale and supplies most of the people in the neighborhood where she lives. She also makes bread and nacatamales [tamales wrapped in banana leaves]. Carmen has a one year-old child who depends on her and she works hard to help him get ahead and give him a better quality of life. She will use the loan to buy ingredients for making tortillas.

Lidia M. B. sells tortillas. She also makes bread and doughnuts two times per week. A 7 year-old girl and Lidia’s mother are dependent on her. She will use the loan to make the tortillas, bread, and doughnuts.
View original language description ↓
el grupo Nuevos Colorados esta ubicado en la colonia Nuevos Colorados de la ciudad de Choluteca, son tres integrantes los cuales se conocen muy bien, a continuacion se detallan las diferentes actividades que ellos realizan:
el joven Gustavo Adolfo se dedica a la venta de abarroteria en general, se levanta a las 4 de la mañana porque
tiene un molino que esta al servicio de toda la colonia en donde reside, de el solo depende su papa ya que viven juntos los dos.
el prestamo lo utilizara para incrementar su inventario en su negocio para tener mejores utilidades.
La joven Carmen Jeaneth S. se dedica a la produccion y venta de tortillas, las vende al por mayor y abastece a la mayoria de personas de la colonia donde vive, tambien se dedica a la elaboracion de pan y nacatamales, de Carmen dependen un niño de un año y por eso trabaja mucho para sacarlo adelante y darle una
mejor calidad de vida. el credito lo utilizara para comprar los materiales para la fabricacion de las tortillas.
La señora Lidia M. B. se dedica a la venta de tortillas, tambien se dedica a la elaboracion de pan y donas, esta actividad la ejecuta dos veces por semana, de Lidia dependen una niña de 7 años y su mama.
el credito lo utilizara para comprar los materiales para la fabricacion de las tortillas, el pan y las donas.

Additional Information

Prisma Honduras, S.A.

This loan is administered by Prisma Honduras. Prisma is one of Kiva's first field partners in Central America and has funded over 2,500 entrepreneurs through Kiva since 2008. Prisma funds smaller than average loans for micro-entrepreneurs to help them grow businesses in urban and rural areas. To improve living conditions in Honduras, the organization strives to empower women who lack access to traditional financial services, and promotes solar panels to deliver clean, affordable electricity to rural areas. Through its four branches in southern and central Honduras, Prisma provides access to financial products to some of the poorest and most isolated communities in the country.

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.

About Honduras

  • $4,200
    Average annual income
  • 54
    View loans »
    Honduras Loans Fundraising
  • $8,008,900
    Funds lent in using Kiva
  • 18.9
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuevos Colorados Group's $1,125 loan helped a member to buy corn flour, firewood, mineral lime, water, corn, beans, rice, sugar, soft drinks, chips, juices.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 2, 2010
Listed
Jul 11, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2011