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Esperanza En Cristo Group
In this Group: Oscar Romeo, Brenda Esperanza, Martina
Oscar, Brenda and Martina, who all reside in San Lorenzo, Honduras, formed the “Esperanza En Cristo” solidarity group in June 2011. Oscar has worked for many years as a mason and is requesting a loan of Lps. 10,000 to install a floor in the house he is building for his family. Brenda earns a living by selling homemade baked goods and Martina runs a small business making and selling tortillas.

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

  • $4,800
    Average annual income
  • 79
    View loans »
    Honduras Loans Fundraising
  • $8,803,075
    Funds lent in using Kiva
  • 18.9
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A portion of Esperanza En Cristo Group's $1,075 loan helped a member to purchase cement, sand, and rebar.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 29, 2011
Listed
Jul 11, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2012