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Terminal 3 Group
In this Group: Edis Jeorgina, Oscar Alexander, Wilfredo
Edis Jeorgina, Oscar Alexander, and Wilfredo are from Choluteca, Honduras. They formed the “Terminal 3” solidarity group in June 2011. All three applicants sell goods at the Choluteca bus terminal where local vendors congregate. Edis Jeorgina, who is a widow of two years, lives with her children and sells handmade garments. Edis requesting a loan of Lps. 8,000 to buy materials to make clothing. Oscar is single and lives with his elderly parents. Oscar makes furniture for a living and is requesting a loan of Lps. 5,000 with which he will purchase supplies to make furniture. Wilfredo is married and is the father of a one-year-old daughter. Wilfredo and his wife sell homemade food at the bus terminal and are requesting a loan of Lps. 5,000 to invest in their small business.

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
  • 25
    View loans »
    Honduras Loans Fundraising
  • $8,241,875
    Funds lent in using Kiva
  • 18.9
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A portion of Terminal 3 Group's $975 loan helped a member to purchase fabrics, thread, mahogany, cedar, screws, glue, varnish, beans, cheese, meats, cornmeal, vegetables, cooking oil, and rice.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2011
Listed
Jun 21, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2012