Update on Juana GelsaminaJuana Gelsamina M. is a merchant. She’s 34, married, and the mother of four children. She and her family live in the central neighborhood of San Francisco de la Paz, Olancho. Six years go her mother taught her to work so that she could support herself day to day. Since then she’s been selling clothing and groceries from her home. She works from 6:00 am to 6:00 pm and her children attend school.
She will use the money from this loan to stock her business with current styles of clothing for the Christmas season so that she can attract more people and increase her sales. She also wants to stock her grocery business with a greater variety of products such as meats, milk products, sausages, condiments, and chicken among other things.
She expects the support from this loan to allow her to continue helping her husband support the household and also allow her to rent a shop in a good location. Her dream is to see her children grow healthy and become people who will contribute to the betterment of society. The loans she’s gotten through FAMA have helped her improve her financial life.
Con el financiamiento obtenido podrá surtir su negocio de venta de ropa de estilos actuales y acordes a la temporada navideña y de esa forma podrá llamar la atencion de mas personas y aumentar sus ventas. Tambien desea surtir su pulperia de más y variados productos comestibles como ser carnes, lacteos, embutidos, condimentos, pollo, entre otros.
Con el apoyo del préstamo espera seguir ayudando a su esposo con el sostenimiento del hogar, y ahorrar para poder alquilar un local que tenga una muy buena ubicación. Su sueño es ver crecer a sus hijos sanos y que se conviertan en personas que contribuyan a la construcción de una mejor sociedad. Con los prestamos obtenidos en FAMA ha podido ir mejorando su vida económica.
Previous Loan DetailsJuana Gelsamina M., 34, is married and has four children. She and her family live in the Centro neighborhood in San Francisco de la Paz, Olancho. Six years ago her mother taught her how to work so that she would be able to earn her own living. Since then she has sold clothes and groceries from… More from Juana Gelsamina's previous loan »
About FAMA:Honduras is one of the poorest countries in the Western Hemisphere with approximately 59% of people living below the poverty line. Familia y Medio Ambiente OPDF (FAMA OPDF) is a Honduran non-profit with no religious or political affiliation. FAMA’s mission is to provide quality and opportune financial services so that men and women have equal opportunities to develop their micro or small businesses, whether they focus on agriculture, manufacturing or services. FAMA operates 13 branches throughout Honduras and serves over 12,500 clients.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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Success!! The loan was 100% repaid
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Dec 8, 2011
- Dec 11, 2011
- Currency Exchange Loss:
- Jan 19, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.