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Castle Of Hope Group
In this Group: Alberto Elias, Maria De Los Santos, Doris
Alberto, Maria, and Doris all reside in San Lorenzo, Honduras. They formed the "Castle of Hope" solidarity group in June 2011. Alberto and Maria both make a living by selling new clothing. In addition to clothing, Alberto also sells school supplies. Both are requesting loans of HNL 8,000 to purchase merchandise. Doris runs a small convenience shop in her village, selling basic foodstuff and household consumer products. She is requesting a loan of HNL 6,000 with which to purchase merchandise.

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
  • 62
    View loans »
    Honduras Loans Fundraising
  • $8,800,875
    Funds lent in using Kiva
  • 18.9
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A portion of Castle Of Hope Group's $1,175 loan helped a member to purchase shirts, pants, shorts, skirts, blouses, shoes, sandals, pens, pencils, paper and notebooks.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 30, 2011
Listed
Jul 5, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 26, 2012