Don José, who is 57 years old and the father of 3 children, works in business. His main task is the sale of general goods and he has more than 5 years of experience. His business operates in his home. José is requesting this loan as a part of a group since he can't present a fiduciary (or individual) guarantee and also because he knows the other group members well and they are very responsible people. He is part of the group along with María Esperanza, who is 48 years old and the mother of one child and Sofía Emérita, who is 30 years old. Both are business women. José and these two women are requesting the loan in order to invest in their businesses and thus, fulfill the demand of their customers, improving their sales and their quality of life. This is their first loan with the organization.
Don José, tiene 57 años de edad padre de 3 hijos, se dedica al comercio y su actividad principal es la venta de abarrotería (Pulpería) cuenta con más de 5 años de experiencia su negocio opera en su casa de habitación. El Sr. José está solicitando el crédito de manera grupal ya que no pueden presentar una garantía fiduciaria (Aval individual) y también porque se conocen muy bien y son personas muy responsables. Él conforma el grupo con la Sra. María Esperanza, de 48 años de edad madre de (1) hijo, y con la Sra. Sofía Emérita con 30 años de edad ambas Comerciantes. Don José y las Sras. Están solicitando el crédito para invertir en sus negocios y así cumplir con la demanda de sus clientes mejorando sus ventas y sus condiciones de vida es su primer crédito con la institución.
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.